Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), has met with the PGA Tour comissioner Jay Monahan and player directors to discuss his plans for investing in the tour, according to a letter sent to players by Monahan.
The prolonged negotiations between the PGA Tour and the PIF, which funds LIV Golf, have continued this week, with Al-Rumayyan meeting with the player directors on Monday.
Patrick Cantlay, who is one of six player directors on the PGA Tour board, confirmed after last week’s Players Championship that the meeting was to take place on Monday.
The other player directors on the board, Tiger Woods, Jordan Spieth, Adam Scott, Webb Simpson and Peter Malnati, were also reportedly expected to be in attendance at a meeting at Albany in The Bahamas.
According to the letter sent to players, which was posted on Twitter by popular golf blog Monday Q, Al-Rumayyan met with the player directors in a “constructive” meeting.
“During the session, Yasir had the chance to introduce himself to our Player Directors and talk through the vision, priorities and motivations for investing in professional golf,” Monahan wrote.
“As we continue these discussions with the PIF, we will keep you updated as much as possible, but please understand we need to maintain our position of not conducting negotiations in public. To that end, we will provide no further comments to the media at this time.”
(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/srGJbfo2fmMarch 19, 2024
The update comes as the PGA Tour’s negotiations with PIF moves into its ninth month since the golfing world was blindsided by a shock framework agreement between the parties last June, having already missed a target of December 31 to complete the deal.
It has created an air of uncertainty around the future of the men’s professional game, with some players and fans starting to lose trust in Monahan’s leadership.
That became apparent last week after top players like Xander Schauffele and Matt Fitzpatrick suggested that they were unconvinced of the 53-year-old commissioner’s leadership.
“Trust is something that’s pretty tender, so words are words, and I would say in my book…
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