PGA Tour Commissioner Jay Monahan holding ‘important’ meeting

PGA Tour Commissioner Jay Monahan invited members of all three excursions to take part in “an necessary” and “well timed replace” throughout a convention name scheduled for 9:30 a.m. ET.

Golfweek additionally has discovered {that a} Tour Participant Advisory Council name is scheduled forward of the bigger replace at 8 a.m.

A replica of Monahan’s memo additionally has been leaked on the web. The memo didn’t specify what the subject of the decision might be, however it’s assumed it’s to share particulars of a take care of Strategic Sports activities Group, a collective of a number of buyers and companies, fronted by the Fenway Sports activities Group, which the Tour has been in superior negotiations with for a number of months. Rory McIlroy, who relinquished his place as an impartial director of the Tour’s Coverage Board in November, stated he isn’t as plugged in anymore however he had heard {that a} finalization of phrases was imminent.

“I do know that they had been imagined to vote on it Sunday evening and there was a delay, they had been imagined to vote on it final evening and there was a delay,” he stated on Wednesday throughout a pre-tournament press convention forward of the AT&T Pebble Seaside Professional-Am in Pebble Seaside, California. “I really feel like this factor may have been over and performed with months in the past. I believe only for all of our sakes that the earlier that we kind of get out of it and now we have a path ahead, the higher.”

It’s unclear whether or not progress has been made in negotiations with Saudi Arabia’s Public Funding Fund, which is the biggest investor in LIV Golf. On June 6, Monahan and Yasir Al-Rumayyan introduced a framework settlement between the Tour, DP World Tour and PIF to create a brand new business entity. The Dec. 31 deadline to come back to a definitive settlement was prolonged, with Monahan sending a memo to gamers that acknowledged “energetic and productive” negotiations would proceed into 2024 with the PIF based mostly on the progress made so far. Monahan and Al-Rumayyan reportedly met final week in Saudi Arabia to proceed negotiations.