Golf

PGA to involve top players’ opinions in new LIV Golf partnership

 

In response to concerns from top players, the PGA Tour has affirmed that they will have a say in the tour’s new partnership with the Saudi funders of LIV Golf. 

Details of the agreement were recently published, outlining how the PGA Tour and DP World Tour would collaborate with the Saudis to determine the return and potential penalties for defectors to LIV Golf. The tour’s policy board, consisting of players such as Patrick Cantlay, Rory McIlroy, Charley Hoffman, Peter Malnati, and Webb Simpson, released a statement emphasizing that players would need to approve any final agreement between the tours.

However, players expressed frustration over the lack of specific information in the framework agreement, which was negotiated privately by PGA commissioner Jay Monahan, independent board members, and Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund. As part of the deal, all pending lawsuits between the parties would be dismissed.

The PGA stated that the framework agreement concluded the costly litigation and that management, with input from player directors, has entered a new phase of negotiations to reach a definitive agreement that benefits players, fans, sponsors, partners, and the overall game. 

Any proposed agreement resulting from future negotiations would require approval from the tour’s policy board, which includes player directors. The PGA Tour affirmed its commitment to maintaining control over the potential new commercial entity outlined in the framework agreement.

The board convened prior to the Rocket Mortgage Classic, a tournament that many top players opted to skip due to a demanding schedule that included the US Open and the Travelers Championship. The framework agreement entails the formation of a new commercial entity called “NewCo,” with agreements reached that the PGA Tour would retain a controlling interest. 

As negotiations continue, the PGA Tour aims to address players’ concerns and reach a final agreement that serves the best interests of all stakeholders involved while maintaining control over the potential partnership with the Saudi funders of LIV Golf.

Leon Osamor 

 

Related Post
Share
Published by
Website Admin

Recent Posts

Leicester City’s Abdul Fatawu Ruled Out for the Season with ACL Injury

Leicester City winger Abdul Fatawu will miss the remainder of the Premier League season after… Read More

November 22, 2024

“Manchester City means so much to me,” – Guardiola signs extension

Manchester City manager Pep Guardiola signed a two-year contract extension at the club, which was… Read More

November 22, 2024

Las Vegas GP Preview

This weekend, Formula 1 will return, and this time around, it's back in the United… Read More

November 22, 2024

Ange Postecoglu calls Bentancur’s action a “mistake” as Spur’s appeal

Tottenham manager Ange Postecoglu has revealed that he fully supports the club's decision to appeal… Read More

November 22, 2024

Inter want Meret as free agent as Liverpool eye Thuram

Reports have emerged in Italy that Inter are ready to pounce on Napoli goalkeeper Alex… Read More

November 22, 2024

Celtic Boss set to welcome star forward after injury recovery ahead of crunch tie

Celtic have been handed a timely boost ahead of their Saturday night clash with Hearts,… Read More

November 22, 2024