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PGA Tour: Monahan offers optimism, few specifics on PIF agreement status

Aug 22, 2023

The PGA Tour is all in on its still-developing agreement with the Saudi Public Investment Fund. Speaking prior to the Tour Championship at East Lake on Tuesday morning, PGA Tour commissioner Jay Monahan indicated that while he fully expects a deal to get done, the Tour was facing impending financial challenges … and there is, as yet, no public indication of any other source of funding for the Tour.

In his annual “state of the Tour” address, Monahan held forth on a range of topics, most notably the status of ongoing negotiations between the Tour and PIF. Long on optimism but short on specifics, Monahan noted that “we have put an end to the divisive and distracting litigation, we have safeguards that are in place to put the PGA Tour in a position to control our future, and as I sit here today, I am confident that we will reach an agreement that achieves a positive outcome for the PGA Tour and our fans. I see it and I'm certain of it.”

Source: Yahoo Sports

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