According to a recent Wall Street Journal report, PGA Tour Commissioner, Jay Monahan, reportedly told Tour employees in a company-wide meeting that the PGA Tour could not sustain its battle with the PIF financially.
Reportedly, Monahan stated: “We cannot compete with a foreign government with unlimited money. This was the time. We waited to be in the strongest possible position to get this deal in place,” with the Tour allegedly tapping into its reserves to fund the legal battle, as well as increase the purses of the upcoming elevated events.
