At the moment, it seems negotiations between the PGA Tour and Saudi Arabia’s PIF and its governor, Yasir Al-Rumayyan, are enmeshed in anti-trust regulation hell, forcing a harrowing holding pattern in which all of golf’s lawyers and all the kingdom’s men can’t seem to put what’s left of the tour back together again.
Exactly what was being said between the two main protagonists in their many private moments will remain something of a mystery. Neither man had anything to say publicly at the conclusion of their rounds.
[PHOTO: Ross Parker – SNS Group] Rory McIlroy wanted nothing to do with speaking to the written press on the eve of the DP World Tour’s Alfred Dunhill Links Championship. But the Belfast lad did give a two-and-a-half-minute interview to BBC Northern Ireland on the subject of, you guessed it, the symbolism of the men Read more…
The framework agreement between the PGA Tour and the Public Investment Fund of Saudi Arabia reached its one-year anniversary on Thursday, and while tour players continue to express optimism that a deal can be reached, they also seem resigned to the possibility that a resolution might still be quite a way off.
Monahan did not provide any details on the rendezvous, stating only that the conversation was “constructive and represents an important part of our due diligence process in selecting potential investors for PGA Tour Enterprises”.
Yasir Al-Rumayyan, head of Saudi Arabia’s Public Investment Fund and the de facto head of LIV Golf, has been accused of “having carried out the instructions” of Saudi Arabian Crown Prince Mohammed bin Salman with “malicious intent” according to a lawsuit filed in Canada.
Monahan spoke at the New York Times DealBook Summit, covering a number of topics from the tumultuous past year that included the continued threat of losing players to LIV Golf, the tour’s surprise framework agreement with PIF in negotiations unknown to the players, and the subsequent leave of absence Monahan took to address his own mental health issues.
The United States Senate has issued a subpoena to Saudi Arabia’s Public Investment Fund’s US subsidiary in wake of PIF’s planned partnership with the PGA Tour.
Saudi Arabia’s Public Investment Fund governor is evading testifying in the United States Senate’s probe into the probed partnership between the PGA Tour and PIF, a US Senator contends.
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.