Eight-time major champion Tom Watson wants answers on the PGA Tour’s new business partnership with Saudi backers of LIV Golf, asking in a letter Monday to Commissioner Jay Monahan if the deal was the only way to solve the tour’s financial hardship.
That was one of several questions posed by Watson in the letter, which was obtained by The Associated Press and was sent to Monahan, the PGA Tour board and “my fellow players.”On the day after Wyndham Clark became the latest major champion by winning the U.S. Open, focus shifted back to an issue that has consumed golf for the last three years.
The tour said in the June 6 announcement that Yasir Al-Rumayyan, the governor of the Public Investment Fund, would be chairman of the new company and Monahan would be the CEO. Two PGA Tour board members, Ed Herlihy and Jimmy Dunne, would join them on the executive committee. The agreement said the new company’s board would have majority representation appointed by the PGA Tour, the person said. The PGA Tour would still have full authority on how it runs its competition.
Blumenthal is chair of the Permanent Subcommittee on Investigations. He said on CBS’s “Face the Nation” the subcommittee wants facts on what into the deal and who was behind it and details on the structure and governance of the new company. Monahan has said the lawsuits - a trial date was not expected until at least the middle of 2024 with plenty of filings in between - had contributed to a “significant” hit to the tour.
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