Lynch: The PGA Tour’s winter of discontent is upon us, and a thaw isn’t coming soon

The most enduring and ruinous narrative peddled by the Tour was that every event mattered equally.

Reasons for thankfulness are scarce on the PGA Tour in the waning weeks of 2023, seasonal sentiment and Tiger’s impending return notwithstanding. Even feel-good winners like Erik Van Rooyen and Camilo Villegas furnished us with only a brief respite from the discord and distrust shadowing professional golf as it teeters toward a new dispensation, the structure and funding of which remains undetermined.

As the most tumultuous year in the Tour’s history draws to a close (if not a resolution), the portico principles that supported decades of the organization’s marketing are quickly crumbling. Like the ideals of comity and charity, for so long neatly packaged in a mantra — ‘These Guys Are Good’ — that was repeated with a fervor worthy of the Beijing politburo. Comity has been undermined by griping —  about fellow players, about executives at HQ, about the media — while the unrelenting chatter about money encourages a perception that too many Tour members think charity ends where it should begin: at home.

The most enduring and ruinous narrative peddled by the Tour was that every event mattered equally, as did every man in a member-led organization. It was a sustainable storyline only as long as everyone on the boat was aligned to row in the same direction. To the extent that they ever were, they are no longer. A clear caste system now exists on the tournament schedule and the voices carrying most weight belong to a distinct minority of the membership.

Major sports leagues, like motion pictures, are powered by superstars but staffed by extras. On the PGA Tour, there’s a rapidly expanding schism between cameo actors and leading men, between those who contribute (and often steal) scenes, and those who drive box office. Players at the apex of the food chain think the Tour is overly concerned with feeding the rank and file, creating too many events that pay too much for too little, while journeymen believe themselves squeezed by management’s desire to indulge the demands of the elite. It’s politics, with a smidgen more civility.

Lanto Griffin hits his tee shot on the eighth hole during round two of the Shriners Children’s Open at TPC Summerlin on October 08, 2021 in Las Vegas, Nevada. (Photo by Alex Goodlett/Getty Images)

As the Tour moves to fundamentally reshape how it does business, the divide has never been more glaring. Consider Lanto Griffin’s comments earlier this week when Rory McIlroy resigned from the Policy Board. “Rory was great because he was approachable by everybody, but at the same time he was bought by the Tour,” Griffin said. “The head of the board has the same sponsors as the Tour and the Players, there’s influence there — I’m talking Workday, I can’t remember all of them, Golfpass. The guy who’s running the board is being paid by all the title sponsors, it’s a little sketchy to me.”

The errors of fact in Griffin’s statement rival the frequency of bogeys on his scorecards, but what’s noteworthy here is that McIlroy’s success and marketability has been weaponized against him as cause for suspicion, as evidence that he’s compromised. It won’t be the last time we hear this specious claim leveled against a prominent star. A consequence of players taking control of board decisions is that they are now deemed blameworthy by any of the Tour’s steerage passengers who think those on the upper deck are leaning on the tiller for selfish reasons. That divisiveness is likely to increase since the time is nearing for decisions that will upset many who feel their concerns are being ignored, their grievances not redressed, their future employment not assured.

About the only thing uniting locker room factions is a mutual distrust of Tour leadership. Much of that owes to June 6, when Jay Monahan squandered every atom of trust and goodwill he had accumulated over six years as commissioner. It is exacerbated by the slow pace of progress with the Framework Agreement negotiations — “deliberate,” to use Monahan’s word in a memo to players — and the absence of concrete detail. There may be progress soon on the private equity component — to the inevitable disgruntlement of some — but any Saudi involvement faces potential regulatory scrutiny, a time-consuming process. And whatever the future landscape of the Tour and the broader men’s professional game, the steps to get there will be painstaking. The Tour has roughly $6 billion in media rights revenue guaranteed through 2030, and any substantive alterations to the product it delivers before then could imperil that cash. Which leaves plenty of time for grievances to fester.

This painful reckoning for the PGA Tour has been a long time coming, a winter of discontent with many seasons yet to run. It’s all enough to make one give thanks to Woods (perè et fils) for the promise of a few days in which to appreciate things on the other side of the ropes.

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Congressional probe digging deeper on LIV Golf fund poses questions about American investments

Disclosures show that PIF’s public U.S. holdings have increased from $2.3 billion in March 2019 to $35.5 billion in March 2023.

As a congressional probe continues to dig into the financial inner workings of the Saudi Arabia Public Investment Fund, some interesting facts have surfaced on the size of the sovereign fund and its growth under Governor Yasir Al-Rumayyan.

On Wednesday, Sen. Richard Blumenthal, the chair of the U.S. Senate Permanent Subcommittee on Investigations, issued a subpoena to PIF’s wholly-owned U.S. subsidiary in search of documents that would pertain to the fund’s deal with the PGA Tour.

According to a memorandum from Blumenthal, D-Conn., after Al-Rumayyan took control of the fund back in 2015, it grew from 40 employees to nearly 1,500 employees (as of 2021). Also, the fund now has $776 billion in assets under management, up more than five times from the $152 billion it had under its directive in 2015.

According to Blumenthal, this growth, some through holdings in American-based companies, should make the governor eligible for questioning by the subcommittee.

“The Saudi’s Public Investment Fund cannot have it both ways: if it wants to engage with the United States commercially, it must be subject to United States law and oversight,” Blumenthal said. “That oversight includes this Subcommittee’s inquiry.”

Yasir Al-Rumayyan
Yasir Al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia, at the 2023 LIV Golf Invitational – DC at Trump National Golf Club in Sterling, Virginia. (Photo by Rob Carr/Getty Images)

According to the memo, a move for PIF to obtain a large stake in the PGA Tour is just the latest of a series of shielded investments that should be raising eyebrows.

From the memo:

Visibility into PIF’s U.S.-based investments is greatly limited. The only information that PIF must report to the public about its U.S. investments is through required disclosures of investments in publicly-traded companies to the U.S. Securities and Exchange Commission (SEC). These disclosures show that PIF’s public U.S. holdings have increased from $2.3 billion in March 2019 to $35.5 billion in March 2023. This $35.5 billion-dollar figure does not include the disclosure of private transactions. …

This lack of visibility is troubling for a number of reasons. First, there is potential to use investment to suppress unfavorable narratives about Saudi Arabia. For example, just this week reports emerged stating that Vice Media removed an unfavorable documentary regarding Crown Prince Mohammed bin Salman after it merged with a Saudi Arabian government-owned media company. Determining whether there are connections between investment and the suppression of speech and guarding against their intended effects is impossible without knowing where and how Saudi Arabia is invested in the United States, and much of its investment is through PIF. Beyond outright suppression of potentially negative press, investment can also be used as a tool of influence to promote positive stories and thereby suppress or distract from negative ones.

PIF’s PGA Tour investment fits in this bucket because it appears to be a classic attempt at a practice known as “sportswashing,” a “phenomenon whereby political leaders use sports to appear important or legitimate on the world stage while stoking nationalism and deflecting attention from chronic social problems and human-rights woes on the home front.” More visibility about PIF’s U.S. investments is also needed to guard against efforts like this and to allow Americans to know the true source of favorable reporting.

Earlier this month, PIF retained a high-powered Washington D.C. lobbying firm to help shield Yasir Al-Rumayyan from having to speak publicly. The firm marked the sovereign fund’s pushback against the probe, insisting that some of the inquiry is subject to immunity.

In June, the PGA Tour announced groundbreaking news that it was forming a new commercial entity with the goal of unifying golf with the help of PIF.

From the PGA Tour’s release: “The parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA Tour and DP World Tour into a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.”

PIF was expected to make an investment into the new entity “to facilitate its growth and success” and will initially be the exclusive investor alongside the PGA Tour, LIV Golf and the DP World Tour. PIF will also have the exclusive right to further invest in the new entity, including a right of first refusal on any new capital that may be invested in the entity.

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LIV Golf signs on high-powered D.C. lobbying firm amid congressional probe

A representative of Akin Gump said Al-Rumayyan should not be forced to take part in any future hearings.

As a congressional probe into LIV Golf and the Saudi Arabia-backed Public Investment Fund (PIF) continues to press for testimony from the fund’s governor, a high-powered Washington D.C. lobbying firm has been retained to help shield Yasir Al-Rumayyan from having to speak publicly.

According to Politico, Akin Gump Strauss & Feld has been retained by PIF as the sovereign fund pushes back against the probe, insisting that some of the inquiry is subject to immunity.

In June, PGA Tour Chief Operating Officer Ron Price and board member Jimmy Dunne were sworn in at a Senate subcommittee hearing in Washington D.C. to discuss the proposed deal between the PGA Tour, DP World Tour and PIF.

Sen. Richard Blumenthal, D-Conn., is the chairman of the committee and has been publicly critical of the deal, which is expected to unite the two once-warring factions in golf under the same commercial umbrella.

According to Politico, a representative of Akin Gump said Al-Rumayyan should not be forced to take part in any future hearings.

Raphael Prober, a lawyer at the firm, wrote to Sen. Richard Blumenthal (D-Conn.) on behalf of the Saudi’s Public Investment Fund (PIF), arguing that the governor of the fund “cannot participate in any public hearing that is part of an unbounded inquiry into the PIF’s past, present, and future interests and investments.”

Blumenthal, who chairs the Senate’s Permanent Subcommittee on Investigations, has requested testimony from PIF governor Yasir Al-Rumayyan since June.

“An unprecedented effort by the Subcommittee to compel [Al-Rumayyan’s] appearance and testimony would not only disrupt the delicate balance of foreign relations and international diplomacy, but would also compromise the prerogatives of the Executive Branch,” Prober wrote in the letter.

Prober, a partner at Akin Gump, co-heads the firm’s congressional investigations division.

His letter, dated Aug. 23 but filed with the Justice Department on Aug. 30, is the latest volley in PIF’s back-and-forth with Blumenthal’s subcommittee over Al-Rumayyan’s potential testimony, as part of an inquiry into the wealth fund’s U.S. investments. The subcommittee launched a probe after the announcement in June that the PIF-financed LIV Golf league and PGA Tour planned to join forces after months of bitter infighting between the two ventures.

LIV Golf Chicago
LIV Golf Series CEO Greg Norman stands with Yasir Al-Rumayyan, Governor of Public Investment Fund of Saudi Arabia, at the LIV Golf Series Invitational event in Chicago on Sept. 18, 2022, Rich Harvest Farms in Illinois. (Photo: Charles Rex Arbogast/Associated Press)

According to previous reporting, the Tour sent a six-page document to the U.S. Senate Permanent Subcommittee on Investigations, previous to the hearing that outlined the potential framework of the deal. here are some of the main points of the deal:

  • LIV Golf’s future will be decided by the new entity’s board that will be controlled by a Tour majority.
  • A “Communications Committee” will be created that will “help facilitate a smooth business transition” and “coordinate and manage communications” between PIF, LIV and the PGA Tour.
  • The PIF will be “a premier corporate sponsor” of the PGA Tour, DP World Tour and other international tours, and will be a title sponsor for at least one event.
  • More from the agreement to create a new global golf entity, which they reference as “NewCo:”

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Lynch: Jay Monahan opens up on his health, but stays positively mum on his Saudi deal

Monahan’s shareholders in the locker room primarily have one yardstick (money) and one concern (how they’ll get more of it).

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It’s been 25 years since Tom Wolfe published “A Man in Full,” the novel in which an Atlanta good ol’ boy, Charlie Croker, sees the high times grind to a halt as the reserves of cash and goodwill so long extended to him finally run dry. Eventually, even his allies turn. “His botching things was malfeasance. It made them look so goddamned bad!” Wolfe wrote of Croker’s fleeing friends. “Half a billion! Now his heedless deadbeat squandering was making them all look like fools! Suckers! Patsies!”

For a time this summer, it seemed Jay Monahan was destined for his own “Cap’m Charlie” reckoning as the PGA Tour commissioner’s issues mirrored those of Wolfe’s character. There was the apparent need for a cash infusion to meet bills, laid bare in the announcement of a Framework Agreement with the Saudi Arabian Public Investment Fund. There were the legal headaches, LIV’s withdrawn litigation having been replaced with a Justice Department antitrust probe and U.S. Senate subcommittee theatrics. There were the people who thrived in the good times who began to sour when the going got tougher, in Monahan’s case the players, whose anger at the secrecy around the Saudi deal — and the associated moral backflip, but mostly the secrecy — threatened his future.

In retrospect, the least surprising moment of Monahan’s long, hot summer was his taking a month-long leave of absence to address his mental health.

The Monahan of ’23 is markedly different from what we saw twelve months ago at the Tour Championship, when he announced plans for designated events, increased purses and bonuses, and rookie subsidies. He was laying out a vision. Sure, it wasn’t his — it was largely the creation of Colin Neville, the Raine Group partner brought in to advise players by Tiger Woods and Rory McIlroy — but it was an actionable concept. There were specifics.

This year, there were none.

He relied on boilerplate remarks and repeatedly stiff-armed inquiries about the ongoing negotiations with the Saudis. “We continue to reinforce the fact that the framework agreement ultimately is the path that we’re on and when we’re able to share more information, we will,” he said.

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Even when Monahan touted figures highlighting the robustness of the PGA Tour’s business — viewership, engagement, revenue, demographics — it felt like a perfunctory concession to metrics that only matter in a rational business environment, a conventional standard by which he is no longer judged. His shareholders in the locker room primarily have one yardstick (money) and one concern (how they’ll get more of it).

Which explains why the commissioner was at pains Tuesday to remind us for whom he works. Monahan never could muster the imperious swagger of his predecessors, but what little he had was extinguished by the recent revolt in which players demanded more say in governance. I asked if he saw that move by players as an indictment of how the organization has been managed.

“I did not,” he replied. “I look at this as not an indictment, but a very positive message… We’ve listened, we’ve responded, and now we have the right people, the right process in place for us to be able to move forward and determine that future. But I look at it as a positive and something that I and we embrace.”

Something else Monahan has embraced is this phrase: “a positive outcome for the PGA Tour,” words he relied upon several times today. What constitutes a “positive outcome” is, of course, wholly subjective. Some people within the Tour contend that a positive outcome has already been accomplished — the ending of litigation. Others point to the Tour’s creation of a for-profit entity to expand its product, an investment vehicle in which the Saudis need not be passengers, or at least not the only ones. There’s also a group for whom a positive outcome is no Saudi partnership at all, a position bolstered by reports this week from human rights groups that their putative business partners machine-gunned hundreds of migrants and asylum-seekers.

Monahan acknowledged that there is other investment interest — clean capital, as it were — but that he is focused on talks with the Saudi PIF. “I think the realization that there is an entity that can be invested into at the PGA Tour and the uniqueness of being able to invest into a professional sports league of the caliber, quality and sustainability of the PGA Tour, obviously has generated a lot of interest,” he said. “But in terms of alternatives, right now, you know, the sole conversation that we’re having is the conversation we’re having with PIF.”

Right now. Or until an alternative definition of a “positive outcome” has the votes.

The only area in which Monahan provided clarity was his health. “I have never felt better mentally and physically than I feel right now. And obviously, I had to take some steps to go from where I was to this position. But I’m a work in progress,” he said. “So I’m working on the things that I’ve learned that are going to help me in my life and help me in this role. That’s how I feel, but more importantly my doctors, my wife, and girls, ultimately, that’s how they feel about how I’m doing. They are my arbiters. I feel as strong as I’ve felt in a long, long time.”

In that too, Monahan echoes Wolfe’s Charlie Croker, who found comfort in his version of stoicism, albeit too late in his case.

While he didn’t offer much in the way of policy particulars, Monahan gave the impression of someone for whom professional stresses now seem less important, less defining. Whatever his other shortcomings this summer, that’s not a bad place to arrive at for a man charged with laying out a sumptuous banquet for people with competing views about the menu, the timeliness of the service and the sourcing of the food.

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Lynch: Jay Monahan and Greg Norman won votes of confidence at the Open today, but will either one really count for much?

Tuesday at Royal Liverpool saw votes of confidence on the two most high-profile, controversial executives in golf.

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HOYLAKE, England — Votes of confidence are powerful instruments, capable of toppling once-popular governments and ending formerly flourishing careers. The last such motion of consequence in Britain, in 1979, brought down a Labour government and ushered in the bleak era of Thatcherism. The themes that prevailed then — worker unrest, claims of mismanagement, demands for reform, mockery of collective interest, promises of riches — are eerily familiar to the dynamic in professional golf now, though it would be uncharitable to draw parallels between the PGA Tour-Saudi Framework Agreement and the Labour manifesto in’79, which was dryly described as the longest suicide note in history.

Tuesday at Royal Liverpool saw votes of confidence on the two most high-profile, controversial executives in golf, neither of whom is actually present at the 151st Open Championship.

The first featured the embattled PGA Tour commissioner, Jay Monahan, who returned to work Monday after a month-long leave for an undisclosed medical issue. Shortly before his departure, Monahan had announced an astonishing pact with the Saudi Arabian Public Investment Fund that ended, or at least paused, acrimony, litigation and harsh condemnation. At least between those two parties. But it created a similar motif internally at the Tour, where a player putsch is taking shape among a handful of elites intent on ousting the board members behind the accord and tilting the Tour toward alternatives.

British Open: Leaderboard, tee times, hole-by-hole

One man seemingly not on board with that plan is Jon Rahm. The world No. 3 was asked if his opinion of Monahan had changed since his Linda Blair-like about-face on June 6. “I wouldn’t say it’s changed … He’s a really good man,” he said. “As it comes to what he’s been doing for us and the PGA Tour, I think he’s done a fantastic job.”

The gust of wind that blew across the grounds at Hoylake after those words was a sigh of relief that began in Ponte Vedra Beach, Florida.

“I would say it was unexpected what happened. I think what the management of the PGA Tour, the turn they took without us knowing was very unexpected,” the Masters champion continued, “but I still think he’s been doing a great job. And right now after that happened, I only think it’s fair to give them the right time to work things out.”

Rahm’s voice has more weight than company at the Open. There’s a widespread belief that Monahan will struggle to survive the fallout of his rapprochement with the regime he consistently (and accurately) denounced while encouraging his players to do the same. But the notion that the commish betrayed his members isn’t a view that Rahm subscribes to.

“I still think they have the best interest of the players at heart,” he said of Tour executives. “All we have right now, it’s a framework agreement. It’s an agreement to have an agreement. We really don’t have anything right now to be able to say or judge what they’ve done. That’s all I can say.”

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Pressed on whether Monahan has lost his trust — which Xander Schauffele says is true with him — Rahm was unequivocal: “No. Again, he still has all this time to work this agreement to basically prove that this was the right decision. No, as of right now, no.”

Rahm is nothing if not iconoclastic in his thinking, a fact underscored by another comment he offered that won’t earn applause in the more elite precincts of the locker room. He was asked if the PGA Tour owes a reward to top players who remained loyal and rejected overtures from LIV Golf, a group that includes Rahm himself. “I wasn’t forced into anything. It was my choice to stay,” he said flatly. “Do I think they absolutely should be and there must be a compensation? No. I just stayed because I think it’s the best choice for myself and for the golf I want to play.”

“Now, with that said, if they want to do it, I’m not going to say no,” he added to laughter.

“We all had the chance to go to LIV and take the money and we chose to stay at the PGA Tour for whatever reason we chose. As I’ve said before, I already make an amazing living doing what I do,” he said, a reality that is true for so many of his peers but acknowledged by so few of them.

Today’s other referendum on a golf executive at Royal Liverpool illustrated a complex truth about votes of confidence: it is not simply about surviving them; often it’s about the enthusiasm with which survival is granted.

Brooks Koepka, who jumped to LIV Golf 13 months ago, was asked his thoughts on a revelation that emerged in last week’s U.S. Senate subcommittee hearing on the PGA Tour-PIF agreement — that LIV’s CEO Greg Norman will be bounced if a definitive deal is reached. His response was to offer a neutral, irrelevant and obvious comment about how he’s communicated more with Norman in the past year than in the five years previously and that he’s “pretty good friends” with his son.

But has the Shark done a good job?

“I think he’s done fine. It’s all perspective, right?” Koepka offered.

Fine. The fallback adjective for the angry, the disillusioned and the disappointed when asked if everything is okay, the telltale trope when you don’t want to fully express what you really think.

Pushed again, Koepka didn’t flinch. “He’s done fine.”

Two votes of confidence, both nominally positive, but not at all the same. Monahan will give thanks that the right man was asked about him, while Norman will rue getting the guy least likely to blow smoke up his gills. For all that, both know nothing said in public at Hoylake will determine matters in the coming months, and that their respective fates may turn out to be not all that different.

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Jon Rahm on being compensated for PGA Tour loyalty: ‘If they want to do it, I’m not going to say no’

“We all had the chance to go to LIV and take the money and we chose to stay at the PGA Tour for whatever reason we chose.”

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HOYLAKE, England – Jon Rahm doesn’t think he should be compensated for his loyalty to the PGA Tour, but he won’t stop anyone that wants to do so.

“It’s a tricky question,” Rahm said on Tuesday during a press conference ahead of the 151st British Open. “So I understand the PGA Tour wanting to do something for those players who helped and stayed on the PGA Tour, but at the same time – and I’ll be the first one to say – I wasn’t forced into anything. It was my choice to stay. Do I think they absolutely should be and there must be a compensation? No. I just stayed because I think it’s the best choice for myself and for the golf I want to play.

“Now, with that said, if they want to do it, I’m not going to say no.”

Laughter ensued.

British OpenLeaderboard, tee times, hole-by-hole

Rahm continued. “We all had the chance to go to LIV and take the money and we chose to stay at the PGA Tour for whatever reason we chose. As I’ve said before, I already make an amazing living doing what I do. I’m extremely thankful, and that all happened because of the platform the PGA Tour provided me. As far as I’m concerned, they’ve done enough for me, and their focus should be on improving the PGA Tour and the game of golf for the future generations.”

Jon Rahm picks up his golf ball on the seventh hole during a practice round of The Open Championship golf tournament at Royal Liverpool. Mandatory Credit: Kyle Terada-USA TODAY Sports

As to the other thorny question of the day, allowing those players who defected to LIV to return to the PGA Tour and DP World Tour, Rahm contends some sort of punishment is in order but said it was above his pay grade.

“I can understand people on the PGA Tour not wanting those players back, and I can also understand why some of them want to come back. There’s some great events that a lot of people probably want to go and play again, some great golf courses, as well,” Rahm said. “I do believe that some punishment should be in order, but I don’t know what – I’m not a politician. That’s not my job. That’s for the disciplinary board and other people that are paid to do that. My job is to hit the golf ball and try to do the best I can.”

Yet, count Rahm among the many players that was blindsided on June 6 by the news that the PGA Tour and Saudi Arabia’s Public Investment Fund, the financial backers behind the renegade league, had reached an agreement to end litigation and create a new commercial entity as part of a five-page framework agreement.

Rahm gave PGA Tour Commissioner Jay Monahan a vote of confidence, saying he thinks he’s “done a fantastic job,” and noting that Monahan had texted him but they haven’t talked since Monahan was sidelined with health issues. (He returned to the job on Monday.)

Photos: Jon Rahm — through the years

“I hope whatever he had wasn’t too serious, and I hope him and his family are doing good and his health has gone back to normal,” Rahm said. “I think what the management of the PGA Tour, the turn they took without us knowing was very unexpected, but I still think he’s been doing a great job. And right now after that happened, I only think it’s fair to give them the right time to work things out.”

Rahm is a man of many opinions, but he said he’s not going to go out of his way to express them.

“If you want my opinion, ask me,” he said. “I think they should talk to the membership and get an idea of where the players are at. But it’s not about just myself. Obviously, it should be a general feeling of what the partnership wants to do. I’m not going to be calling every single day telling them what I think and what should be done. Let’s just say that.”

Cooler heads may prevail and Rahm described the next few months as a waiting game to see how the deal plays out.

“Hopefully they can reach a partnership that they both are happy what the outcome is going to be, and everybody can move on and be the best golf product we can put out there, whatever that looks like,” he said. “I think it’s obviously cooling down, and now we’re all waiting to see how this moves forward.”

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Lynch: As PGA Tour commish Jay Monahan returns, it’s a coin-flip whether he and his Saudi deal can survive

If and when Monahan falls on his sword, a successor faces an unenviable challenge.

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For all of the anticipation, the only constituency actually comforted by the U.S. Senate subcommittee hearing on the PGA Tour’s deal with the Saudis were those already convinced as to the piss-poor quality of elected officialdom in the Republic. Anyone eager for a scintilla of clarity on golf’s future was left disappointed, and with about as much faith in their leadership as the nation at large.

That was apparent in comments by Tour members who are congenitally serene. Scottie Scheffler and Jordan Spieth were pointed in expressing their impatience with the pace at which members are being informed in what is nominally a member-led organization, while Xander Schauffele only just stopped shy of voting no confidence in Jay Monahan. The commish returns to his job July 17 after a four-week medical leave, but how long he can keep it is a matter of feverish speculation.

Trust is a precious commodity in commerce, but in the present-day PGA Tour it’s more scarce than snow in the Sahara. There isn’t much among Policy Board members, most of whom were oblivious that a sleeper cell was negotiating such a consequential deal. Still less exists between players and executives, as anger about the blindside calcifies into resentment about the absence of detail and apparent failure to consider alternatives. Even among players, factionalism has taken root, shaped by personal disappointment, a loss of confidence in those entrusted with running things, or simply a loss of leverage masquerading as a loss of confidence. None of those sentiments augur well for Monahan.

Ron Price and Jimmy Dunne, who testified in the commissioner’s stead on Capitol Hill, offered two impetuses to explain the accord with the Saudi Public Investment Fund: financing litigation was unsustainable, and LIV Golf would continue to pick off key players in perpetuity. Both assertions are really assumptions. People familiar with Tour finances insist it is far from penury, while most top players — those who really matter, rankings be damned — seem to have already made their decision on where to compete. To shore up the rationales presented during the hearing, frequent references were made to the PIF’s $700 billion war chest, as though the entire resources of the regime are designated to underwrite its ambitions in golf.

A more plausible explanation for the Framework Agreement is that both parties were incentivized to end the invasive legal discovery process, so they crafted not a roadmap to a shared future but a patchwork quilt of fig leaves to conceal embarrassing shortcomings. It was sufficient (and legally necessary) to end the litigation, and like many peace accords is intentionally vague so all parties can claim a measure of victory. Yet interpretations of the text voiced by either side were becoming difficult to reconcile even before Senator Richard Blumenthal gifted us a document dump that revealed Saudi ambitions wildly inconsistent with their supposedly being a minority, passive investor in the proposed new joint venture.

Soon it will become clear if the deal that the PGA Tour signed is the same one that the Saudis believe they have.

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Even if both parties are aligned and negotiating a definitive deal in good faith — a generous grant given that one is proven to prefer bonesaws to brokering — the prospects of it being consummated are highly uncertain. A player revolt on the PGA Tour is precariously near, and likely emboldened by Randall Stephenson’s July 9 resignation as an independent director on the Policy Board. To his credit, Stephenson condemned the amorality of being in business with those who carved up Jamal Khashoggi, but it was his other calls to arms that will resonate in the locker room: for governance reform at the board level, and for examining investment options that don’t involve doffing a visor to the butcher’s bagman, PIF governor Yasir Al-Rumayyan.

Right now, there exists no Saudi deal — only platitudes about the aspiration to reach a deal. But even that flimsy pact might become collateral damage in an internal mutiny at the Tour, regardless of whether members are amenable to it in principle, and long before it can be adjudicated by any regulatory authority. The coming weeks will prove that players have the authority and opportunity to shape the PGA Tour’s future while their LIV counterparts, well-compensated pawns, are dependent on the whim of Al-Rumayyan.

But who will guide the Tour through the turbulence? Monahan has been personally popular among members, but the goodwill he earned was entirely spent with his backflip, the secretive process leading to it, and the maddeningly opaque period since. In circumstances that are devoid of clarity, the tenuousness of Monahan’s tenure is unambiguous. If and when he falls on his sword, a successor faces an unenviable challenge.

The PGA Tour isn’t confronting an existential crisis because an autocratic regime decided golf is a cool vehicle to drive tourism and Monahan refused to take a call to discuss opportunities, but because so many players allowed petrodollars to usurp rational market values in a niche sport. The consequences are warping the economics of professional golf to such an extent that it can no longer be sustained on media rights and sponsorships, and that reality will persist for whoever is in charge.

Alternative investment exists for the PGA Tour, and while such options would demand a return, accountability is preferable to the free-range financials now running amok. Clean capital would leave LIV in the wilderness while mitigating the specter of tournament sponsors exiting rather than risk proximity to the Crown Prince’s next atrocity. And if the scorned Saudis double down, as they were threatening privately when negotiations began, so be it. Let them continue funding a failed product and let players choose sides, once and for all. The PGA Tour simply cannot continue mutilating itself to satisfy every demand for a pound of flesh.

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Documents show ‘side agreement’ to oust Greg Norman as LIV Golf Commissioner if PGA Tour-PIF deal is executed

The document was revealed on Tuesday as part of a memorandum to members of the Permanent Subcommittee on Investigations.

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If the PGA Tour’s agreement to form a new commercial partnership with Saudi Arabia’s Public Investment Fund is executed, Greg Norman will be out of a job as Commissioner of LIV Golf, according to PGA Tour interim co-commissioner Ron Price.

Asked by Connecticut Senator Richard Blumenthal — “Just to be clear, [Norman] is out of a job?

Price replied: “If we reach a definitive agreement, we would not have a requirement for that type of position.”

Price and Tour board director Jimmy Dunne testified before Senate for three hours on Tuesday.

It’s no big surprise that Norman won’t be involved in running LIV going forward other than the fact that the PGA Tour went so far as to produce a side agreement in writing as part of the Framework Agreement, which was announced to the world on June 6.

The document was revealed on Tuesday as part of a memorandum to members of the Permanent Subcommittee on Investigations. Appendix 13 shows an email sent on May 24 from PGA Tour chairman of the board Ed Herlihy to Michael S. Klein, a representative for PIF, highlighting a one-sentence side letter that he proposed would be executed between all the parties at the same time as the Framework Agreement:

“In connection with the execution of the Framework Agreement, the Parties hereby agree that the services provided by Greg Norman and Performance 54 to LIV will cease upon the management transition to the PGA Tour contemplated by the Framework Agreement and in any event by no later than one month thereafter.”

In a separate email message sent from Price shortly thereafter, he wrote, “After reading the side letter language again, I think the ‘no later than one month thereafter’ applies to when we assume management responsibilities for LIV versus one month after execution of the Framework Agreement.” There is no evidence in the filing that the document was signed by both parties.

Norman, a former world No. 1 player, two-time major champion and World Golf Hall of Fame member, has long been at odds with the PGA Tour since he tried to launch a breakaway tour in the 1990s. That effort was rebuffed and Norman has long held a grudge. LIV Golf gave him a second bite at the apple and the financial resources to lure several top players to jump to a breakaway circuit, which is currently in its second season of operation. PGA Tour players from Tiger Woods to Rory McIlroy have been on the record stating that, “Greg must go.”

It appears the PGA Tour is attempting to make sure that will happen. Norman wasn’t involved in the secret negotiations between the PGA Tour, DP World Tour and PIF until he received a phone call from Yasir Al-Rumayyan, who will become the chairmen of the new entity overseeing the PGA Tour, LIV Golf and DP World Tour, minutes before the deal was announced on CNBC.

“Under the framework agreement,” Price said, “if we are able to move to a definitive agreement and it is approved, the LIV Golf assets, for which Greg Norman is currently Commissioner, would move into a new subsidiary controlled by the PGA Tour and those events will be managed by the PGA Tour. We have a complete infrastructure in place to manage events. It would make no sense to bring in that type of executive to manage what is right now a series of 14 events.”

Price also confirmed that Norman’s removal as the Commissioner of LIV was the only side agreement, or informal understanding, that “he knew of to his knowledge.”

In Appendix 15, which details Monahan’s talking points for a call with the Tour’s Policy Board, it states, “Greg Norman will be reassigned to an advisory role determined by PIF when the PGA Tour becomes the manager of the LIV Tour.”
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PGA Tour executives set to be grilled by Congress about deal with PIF, LIV Golf

A pair of PGA Tour executives are set to field questions from members of a Senate subcommittee this morning.

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WASHINGTON — A pair of PGA Tour executives are set to field questions from members of a Senate subcommittee this morning, as Congress continues to scrutinize the golf tour’s proposed deal that would see it effectively merge with Saudi-funded LIV Golf.

PGA Tour chief operating officer Ron Price and Jimmy Dunne, the Tour board member who played a significant role in orchestrating the deal, are both scheduled to testify in front of members of the Senate Permanent Subcommittee on Investigations in a meeting room on Capitol Hill beginning at 10 a.m. ET.

Sen. Richard Blumenthal, D-Conn., is the chairman of the committee and has been publicly critical of the deal, which will unite the two once-warring factions in golf under the same commercial umbrella.

In excerpts of his opening remarks that were released on the eve of the hearing, Blumenthal says this isn’t simply about golf, but rather “how a brutal, repressive regime can buy influence – indeed even take over – a cherished American institution simply to cleanse its public image.”

“A regime that has killed journalists, jailed and tortured dissidents, fostered the war in Yemen, and supported other terrorist activities, including 9/11. It’s called sportswashing,” Blumenthal says.

“It is also about hypocrisy, and how vast sums of money can induce individuals and institutions to betray their own values and supporters, or perhaps reveal lack of values from the beginning. It’s about other sports and institutions that could fall prey – if their leaders let it be all about the money.”

The subcommittee initially requested testimony from PGA Tour commissioner Jay Monahan, but he has been out with an unspecified medical issue since June 13. He is set to return to his post on Monday.

Greg Norman
LIV Golf CEO Greg Norman. (Photo: Mike Ehrmann/Getty Images)

Greg Norman, the chief executive of LIV Golf, and Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, were also asked to appear. But Blumenthal and subcommittee ranking member Ron Johnson, R-Wisc., said in a statement last week that the two LIV representatives said they would be unavailable “due to scheduling conflicts.”

“Consistent with our subcommittee’s practice, we look forward to working with both witnesses to find a mutually agreeable date for them to appear in the very near future,” the senators said in their statement.

The subcommittee’s inquiry into the PGA Tour-LIV Golf deal is one of two parallel probes underway in the Senate. The other is being conducted by the Senate’s finance committee and overseen by Sen. Ron Wyden, D-Ore. The Department of Justice has also been investigating the deal.

Tuesday’s hearing comes about 36 hours after The Washington Post reported that a PGA Tour board member had resigned over concerns with the deal. The newspaper reported that Randall Stephenson, the former chairman of AT&T, wrote in his resignation letter that the framework agreement “is not one that I can objectively evaluate or in good conscience support, particularly in light of the U.S. intelligence report concerning Jamal Khashoggi in 2018.”

Khashoggi, a Washington Post columnist, was killed at a Saudi consulate in 2018. The aforementioned intelligence report concluded that the country’s crown prince, Mohammed bin Salman, signed off on the operation − one of several incidents that activists point to as evidence of Saudi Arabia’s widespread human rights abuses.

Contact Tom Schad at tschad@usatoday.com or on Twitter @Tom_Schad.

This U.S. Senator is worried about the ‘purity’ of golf ahead of next week’s PGA Tour, PIF, LIV Golf hearings

Johnson indicated he would like to see the competitive nature of the PGA Tour remain unchanged by Saudi Arabian involvement.

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WASHINGTON, D.C. – U.S. Sen. Ron Johnson has one main concern when it comes to the deal between the PGA Tour and the Saudi-backed Public Investment Fund: maintaining what he calls the “purity” of golf.

Ahead of a Senate hearing scheduled for Tuesday on the tentative deal, Johnson suggested he sees the agreement between the major golf organizations as necessary to preserve competition of play in the sport. He acknowledged concerns over PIF and LIV Golf’s ties to Saudi Arabia but said he wants to play a “constructive” role in bridging the gap between the two groups.

“The fact of the matter is the Public Investment Fund … if they want to invest in global sports, they’re going to invest in global sports, and you have to recognize and react to that reality,” Johnson said of Saudi Arabia in an interview with the Milwaukee Journal Sentinel on Thursday. “I think that’s what the PGA in the end was faced with.”

“You may not like that reality. I hated to see what happened with the split, with the players at each other’s throats,” he added, referencing the creation of LIV in 2021 as a direct competitor to the PGA Tour that caused a rift in the golf community. “And I’m hoping to play a constructive role in helping bridge that gap, repair the breach.”

Two PGA Tour officials — Ron Price, the tour’s chief operating officer, and Jimmy Dunne, a PGA board member who helped broker the deal — will testify Tuesday before the Senate’s Permanent Subcommittee on Investigations, on which Johnson is the top Republican.

More:PGA Tour says deal with LIV Golf is not a merger. So what is it? Here’s what we know

It’s expected to be a closely watched hearing, with lawmakers in recent weeks raising antitrust concerns and worries over Saudi Arabia’s human rights record.

Here’s what Johnson is saying about the deal ahead of Tuesday’s hearing.

Johnson wants to see ‘purity of competition’ preserved

Johnson said he initially felt that “Congress at this point shouldn’t get involved” in the merger.

But since U.S. Sen. Richard Blumenthal, a Democrat from Connecticut who is the subcommittee’s chairman, initiated the inquiry, Johnson said he wants to make sure the “purity of the competition” is maintained in the new for-profit entity that would be created after the planned merger.

PGA Tour events are contested over 72 holes with the field cut at 36 holes. Nothing is guaranteed, even for the greats. The tour plans to alter some events next year. It’s a response to the LIV format of 54-hole, no-cut competitions with team and individual winners.

In an interview, Johnson indicated he would like to see the competitive nature of the PGA Tour remain unchanged by Saudi Arabian involvement and pointed to a framework agreement between the two parties that would give the PGA Tour regulatory oversight over the game of golf.

“It’s just not the same thing,” Johnson said of the competition in the LIV compared to the PGA Tour. “And that’s certainly what I want to make sure is preserved — is the purity of the competition.”

U.S. Sen. Ron Johnson will be part of a Senate hearing on Tuesday regarding the PGA Tour and LIV Golf deal.

What are the concerns with the deal?

The deal drew quick criticisms from both PGA Tour fans and lawmakers on Capitol Hill following its surprise announcement in early June.

Some lawmakers have questioned whether the deal, which would effectively create a single international golf organization, violates antitrust law. And Senate Democrats have said the deal raises questions about allowing a country with a history of human rights abuses to have a major stake in a U.S. institution, accusing Saudi Arabia of “sportswashing” their record.

In a letter to PGA Tour commissioner Jay Monahan last month, Blumenthal said the tour’s decision to make a deal with LIV after being in outspoken opposition to the group — they suspended players who joined LIV — raises “serious questions regarding the reasons for and terms behind the announced agreement.”

Johnson on Thursday called antitrust concerns “a legitimate issue” but indicated he believed courts would rule “in favor of sports competition.”

“In general, they’ve looked past those technical violations and say it’s necessary for these sports leagues to cooperate, to collude, in order to maintain the type of competition that the public wants and I would say even demands,” Johnson said of antitrust decisions.

2023 LIV Golf Washington D.C.
Patrick Reed hits his tee shot on the ninth hole during the Pro-Am tournament as part of the LIV Golf Washington D.C. 2023 event at Trump National Golf Club outside Washington DC. (Photo: Geoff Burke-USA TODAY Sports)

What about ‘sportswashing’?

Johnson said he, too, has concerns over Saudi Arabia’s human rights record, noting he doesn’t think “there’s anything the Saudis can do to wash away” abuses like the killing of Washington Post journalist Jamal Khashoggi.

The term sportswashing refers to a country’s attempt to use sports to improve its image. Saudi Arabia has made inroads into a number of sports, including with the purchase of professional soccer clubs and players, in recent years.

“There are certain realities that you simply can’t wash away,” Johnson said. “They may attempt to do it. I’m not sure how good their attempt will ever be, because as we’re talking here, everybody is fully mindful of the, as I said, the Khashoggi assassination.”

But he said the deal brokered by Dunne, the PGA Tour board member, was “for the good of the game of golf” and suggested working with a country like Saudi Arabia, whose investment fund reaches into the $700 billions, could be a fact of life.

“Should we be buying oil from Saudi Arabia?” Johnson quipped when asked about concerns over Saudi Arabia becoming involved in a U.S.-based organization.

“There’s just certain realities in the world that you, whether you like it or not, have to accept,” Johnson said. “One of the realities is I’d rather as a U.S. government be dealing with Saudi Arabia rather than antagonize them and have them go rushing into the arms of our adversaries like China or Russia.”

What does Johnson expect at the hearing?

Tuesday’s hearing, titled “The PGA-LIV Deal: Implications for the Future of Golf and Saudi Arabia’s Influence in the United States,” will give the PGA Tour “the opportunity to describe the challenge it faces in managing professional golf,” according to Johnson.

He said he hopes to hear from PGA Tour officials about the “existential” challenges LIV Golf posed to the tour and “why they ended up reaching out to them and trying to work with them, rather than fighting them in court, which nobody knew the outcome other than the lawyers would make a lot, a lot of money.”

He called the tentative framework “amorphous,” noting its lack of detail and unanswered questions about what golf will look like moving forward but suggested the litigation between the PGA Tour and LIV was not sustainable.

“When you’ve got unlimited funds willing to get into any kind of business venture, it’s just not a fair competition,” Johnson said. “It wasn’t a fair fight between the PGA and Saudi Arabia. It simply wasn’t.”

What’s next?

2023 LIV Golf Adelaide
LIV Golf CEO & Commissioner Greg Norman hi-fives spectators on the 12th hole during day two of Liv Golf Adelaide at The Grange Golf Course on April 22, 2023 in Adelaide, Australia. (Photo by Asanka Ratnayake/Getty Images)

LIV Golf CEO Greg Norman and Yasir al-Rumayyan, the governor of the Saudi Public Investment Fund who would serve as board chairman of the new golf entity, will not attend the hearing due to “scheduling conflicts,” Johnson and Blumenthal said.

The senators in their statement said the pair “have valuable information to share about the operations of the Public Investment Fund, the future of LIV Golf and Saudi Arabia’s plans to invest in golf and other sports.”

But Johnson on Thursday told the Journal Sentinel it was “hard to say” whether the committee would hear from either Norman or al-Rumayyan in the coming weeks.

He suggested the PGA Tour-LIV Golf deal was not top-of-mind for him.

“From my standpoint, if I were chairman of the committee, I would be concentrating on what we got wrong during the pandemic. I would be concentrating on the fact that we’re more than $32 trillion in debt,” Johnson said.

He added: “This hearing will hopefully give the PGA an opportunity to explain itself, whether the Saudis, whether the other side wants to take an opportunity to explain themselves, that would be up to them.”

(Editor’s note: This version of the story has been modified. The deal between the two sides is not, technically, considered a merger, but rather a business arrangement.)

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