In a letter to the PGA Tour’s directors of the policy board, Dunne said he’s done with his position effective “immediately”, citing a lack of progress on a potential deal with PIF as one of his reasons.
A key provision that neither the PGA Tour nor LIV Golf would recruit players from the other circuit as officials from the tour and Saudi Arabia’s Public Investment Fund attempted to create a new for-profit entity has been scrapped, according to a report yesterday in the New York Times.
Those doing the questioning made sure the proceedings were entertaining, and occasionally informative, with a 267-page document dump at the hearing’s onset offering a number of surprising admissions.
The documents, which can be read in full within this story, include internal e-mails, text messages, and other communications between both parties that show some intricacies of how a high stakes deal like this came together.
In the aftermath of this week’s stunning news that the PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund were joining forces to create a new company that will run professional golf, some of the biggest questions were about how players who remained loyal to the PGA Tour might possibly be compensated, and how those who defected to LIV Golf would be punished.
The discovery that Jimmy Dunne played a key role in brokering the framework deal between the PGA Tour and Saudi Arabia’s Public Investment Fund was a surprising revelation in the wake of Wednesday’s unexpected announcement.
Dunne is a member at some of the most exclusive golf clubs in the world, allowing him to rub elbows with some of the biggest power players in the sport.
The golf impresario Jimmy Dunne, the ultimate elite-golf clubby insider with the disarmingly candid demeanour of an old-school New York City cab driver, will be joining the PGA Tour policy board in the new year as an independent director.