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The Latest Breaking News from Jay Monahan

PGA Tour Reveals Key Details About $930m Player Equity Grants

The PGA Tour will divvy out equity in the new for-profit enterprise based on four distinct categories

Golf Monthly

Top Players To Get Bulk Of Equity In New PGA Tour Venture: Reports

The PGA Tour's new for-profit entity will dish out over 80% of the initial $930 million of player equity grants to its top 36 golfers, according to a leaked memo reported by US media on Wednesday.

International Business Times

PGA Tour strikes a $3 billion deal with a sports owners investment group

The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises.

WEKU

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PGA Tour pros, fans and media react to PGA Tour and Strategic Sports Group $3 billion deal

The landscape of golf is changing.

USA Today Sports Media Group

PGA Tour Confirms $3 Billion Investment - But The Saudi PIF Isn’t Involved (Yet)

The historic deal is set to give PGA Tour players the chance to collectively access $1.5 billion in equity shares, while investment from the Saudi PIF may still arrive in the future as the men's pro game aims for some kind of unity

Golf Monthly

Strategic Sports Group, PGA Tour finalize $3 billion investment deal to create PGA Tour Enterprises

SSG will initially invest $1.5 billion into the new for-profit entity.

USA Today Sports Media Group

PGA Tour Commissioner Jay Monahan invites membership to ‘important’ update on Wednesday

Golfweek also has learned that a Tour Player Advisory Council call is scheduled ahead of the larger update.

USA Today Sports Media Group

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"I Think The Deal Is Going To Come Quicker Than You Think' - Bryson DeChambeau Says Agreement Is Coming 'In A Month Or So'

Bryson DeChambeau says that a final agreement between the Saudi PIF and PGA Tour will be done "in about a month or so"

Golf Monthly

Lynch: Ugly allegations about its Saudi partner are a worrying omen for the PGA Tour

On paper, Al-Rumayyan’s latest entanglement could be viewed as a squabble between stooges for a despotic government.

USA Today Sports Media Group

Cantlay 'Cares Deeply' About Responsibility Of Getting Best Deal Possible For PGA Tour Players

Patrick Cantlay "cares deeply" about his responsibility of helping broker a PGA Tour-PIF deal, saying it is his top priority to get the best for current and future players

Golf Monthly

Meet the Strategic Sports Group investors, PGA Tour and Saudi PIF executives vying for a place in pro golf’s future

Both tours, the SSG and PIF have an unprecedented opportunity to reshape professional golf as we know it.

USA Today Sports Media Group

PGA Tour Board Member Says Jay Monahan Has ‘Totally Apologized’ For Handling Of Merger Announcement

Webb Simpson explained to Golfweek's Adam Schupak that Monahan has admitted his errors over the PGA Tour's secrecy of its deal with PIF

Golf Monthly

Report: Jay Monahan and Yasir Al-Rumayyan Make 'Substantial' Progress After First Conversation Since June

Jay Monahan and the Public Investment Fund chief are said to be closing in on a historic deal to end golf's long-running civil war

Golf Monthly

Keith Pelley 'Asked To Delay' DP World Tour Exit For Three Months As He 'Truly Believes' Golf's Merger Can Be Completed Before The Masters

The DP World Tour's CEO recently announced he would be heading back to Canada to head up Toronto's four main sports franchises, but he's optimistic golf will be unified before that point

Golf Monthly

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USA Today Sports Media Group

Lynch: What unites LIV Golf supporters and PGA Tour players? An eagerness to ignore inconvenient facts

LIV’s foot soldiers are trying to legitimize their folly. But PGA Tour facts are being glossed over, too.

USA Today Sports Media Group

What’s next: Breaking down the impact of extending PGA Tour, Saudi PIF and investor negotiations

The PGA Tour and Saudi Arabia's Public Investment Fund missed their agreement deadline. So … now what?

Top News

PGA Tour Negotiations with LIV Golf Extend into Next Year

The PGA Tour's negotiations with LIV Golf and the Saudi backers extend into next year, bringing excitement and potential partnerships to the golfing world.

USA Today Sports Media Group

PGA Tour updates players on investors as negotiations with Saudi Arabia’s Public Investment Fund extend into 2024

The framework agreement discussions will extend into 2024 after the Dec. 31 deadline was missed.

The Guardian - UK

Golf’s warring factions miss merger deadline day to leave future still in flux

PGA Tour, DP World Tour and LIV Golf pledged to outline their plans by the year’s end but details remain murky

USA Today Sports Media Group

PGA Tour’s Jay Monahan or LIV Golf’s Greg Norman: Who gets fired first?

The biggest surprise in 2024 could be Monahan cleaning out his desk and Norman surviving.

Golf Monthly

The PGA Tour, LIV Golf And PIF Saga - A Timeline Of Events From 2023

The biggest soap opera ever in golf continued to play out in front of our eyes in 2023 - take a look at the timeline of events from the biggest saga in sport

USA Today Sports Media Group

Who’s next? Voting for the PGA Tour Player Advisory Council officially underway

The PAC advises and consults with the PGA Tour Policy Board and Jay Monahan on issues affecting the Tour.

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