One day after one of the PGA Tour’s most prestigious events, THE PLAYERS Championship, many of those players flew to the Bahamas to meet Pga Tour Enterprises player director Tiger Woods and Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund (PIF).
Embed from Getty Images
The meeting was the first time many of the player members of the policy board met Al-Rumayyan, who was a key component of the framework agreement reached by the PGA Tour, the DP World Tour, and PIF last June.
Yasir landed at 5:22pm yesterday Nassau time. About 30 minutes later, #TigerWoods‘ diving vessel Solitude went out for about 90 minutes near Goulding Cay https://t.co/MjNOavHPw2 pic.twitter.com/j1fqoqw6W5
— radaratlas2 (@radaratlas2) March 18, 2024
Joining Woods, Al-Rumayyan, and PGA Tour commissioner Jay Monahan was Patrick Cantlay, who confirmed after THE PLAYERS that he would be a part of the meeting.
Afterwards, Monahan sent a memo to the rest of the players that Cantlay, Webb Simpson, Adam Scott, Jordan Spieth, and Peter Malnati were all in attendance.
(Sorry if someone posted this already, I was driving and then working on the Monday Q)
A letter from Jay sent to the players today. pic.twitter.com/srGJbfo2fm
— Monday Q Info (@acaseofthegolf1) March 19, 2024
Negotiations seem to be slow after both sides extended the original deadline of Dec. 31, 2023, to reach a final agreement. Monahan met with Al-Rumayyan in Saudi Arabia in January, but otherwise, very little progress has been reported before Monday’s meeting.
Embed from Getty Images
The PGA Tour did go ahead and create Pga Tour Enterprises earlier this year based on a potential funding windfall of $3 billion from Strategic Sports Group, a consortium of mostly owners of team sports franchises.
If a deal is struck with the PIF, it would go towards bolstering that for-profit organization.
Cover Image via X
