If Woods and McIlroy were to compete, all eyes would focus on this event in Saudi Arabia as these players are arguably the biggest names associated with the PGA Tour.Ĭonsequently, Saudi Arabia would emerge as the real winner. LIV Golf and the PIF invested in golf as a part of its ‘Vision 2030,’ which seeks to diversify Saudi Arabia’s economy and increase its influence on the global stage. In early June, the PGA Tour and LIV Golf announced plans for a framework agreement to create a new global golf entity, which will be heavily funded by Saudi Arabia’s Public Investment Fund. TV revenue is to flow to LIV.” WASHINGTON - Chief Operating Officer of the PGA Tour Ron Price and PGA Tour Policy Board member Jimmy Dunne testify during a Senate Homeland Security Subcommittee on Investigations hearing examining the business deal between the PGA Tour and the Public Investment Fund of Saudi Arabia’s LIV Golf on Capitol Hill July 11, 2023. The qualifying is to be held in Saudi Arabia, with the final week in Dubai. “The introduction of national teams should work well as it creates real jeopardy/excitement for broadcasters and fans. “To increase Ryder Cup level of interest, this also may include the constitution of national teams,” Appendix Four reads. Those in power at LIV want Woods and McIlroy to participate in that event, which would air on live television. LIV Golf executives want to initiate a “large-scale superstar LIV style team global event to include PGA, LIV, and LPGA players.” In Appendix Four of this document, LIV Golf provided a long set of “foundational principles/objectives” in its discussions with the PGA Tour. The Senate’s Permanent Subcommittee on Investigations (PSI) invited PGA Tour Policy Board Member Jimmy Dunne and PGA Tour Chief Operating Officer Ron Price to testify and discuss the PGA Tour’s deal with the Saudi Arabian Public Investment Fund (PIF).Īs a part of this hearing, the PSI released a 276-page document that contains evidence and communications between the tour and LIV Golf representatives. He has my confidence moving forward with these changes.LIV Golf proposed that Tiger Woods and Rory McIlroy would own their own LIV Golf teams and participate in LIV Golf events, per evidence revealed at the Senate’s Jul. "The players thank Commissioner Monahan for agreeing to address our concerns, and we look forward to being at the table with him to make the right decisions for the future of the game that we all love. This is a critical point for the Tour, and the players will do their best to make certain that any changes that are made in Tour operations are in the best interest of all Tour stakeholders, including fans, sponsors and players," Woods said in a statement. "I am honored to represent the players of the PGA Tour. On Monday, more than three dozen players sent a letter to PGA Tour Commissioner Jay Monahan demanding a bigger voice in the future of the sport. The other player directors are Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory McIlroy, and Webb Simpson. The new board will be comprised of six player directors, five Independent directors, and the PGA of America Director. The new agreement is billed as an assurance that the PGA Tour remains "for the players, by the players, and gives the players an upper hand when it comes to partnering with LIV Golf." Tiger Woods joined the PGA Tour board as the organization agreed to transparency and new governance measures, the tour announced Tuesday. Watch Video: Senate subcommittee probes PGA-LIV merger in key hearing
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