December 03, (THEWILL) – The Professional Golfers’ Association (PGA), Tour Policy Board, has recently distributed a memo to its members highlighting, unity and a willingness to negotiate amid speculation of new investors. The two-page memo was sent late Friday, by the policy board, which includes top golfers, Tiger Woods and Jordan Spieth.
The memo comes following the second round of the Hero World Challenge golf tournament in the Bahamas. It addresses the ongoing talks between the PGA Tour and the Saudi Arabia Public Investment Fund (PIF), regarding a potential investment agreement. The PIF finances the controversial LIV Golf tour, which has attracted several top PGA players with lucrative financial packages.
PGA Commissioner, Jay Monahan, is scheduled to meet next week with PIF Governor, Yasir Al-Rumayyan, to advance investment conversations. The memo stresses group decision-making that requires approval from all player directors before voting on proposals involving third-party investors or for-profit entities.
Closing remarks, urge PGA members to provide feedback and ask questions while stating determination to get negotiations right. This comes amidst speculation that LIV Golf aims to further expand its player roster.
The memo finished by saying, the player directors are open to feedback and questions from tour members as they work to secure the best possible outcome for the PGA Tour’s future.
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