PGA Tour couldn’t afford to fight Saudi spending FMTNews FMTSports
Commissioner Jay Monahan said the PGA Tour had spent close to US$50 million in its legal fight.
NEW YORK: The PGA Tour could not afford to conduct a lengthy spending war against Saudi Arabia, the Wall Street Journal reported today, citing a person who heard the remarks by PGA Tour commissioner Jay Monahan. Monahan told employees that the Tour had spent close to US$50 million in its legal fight which had years to go, and had dipped into US$100 million of its reserves to pay for its schedule, the report added.
“We cannot compete with a foreign government with unlimited money,” Monahan said, according to the WSJ report.PGA Tour did not immediately respond to a Reuters’ request for comment.
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