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Showing posts with the label JayMonahan

US lawmakers call PGA, LIV chiefs, Saudi backers to testify | The Express Tribune

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[ad_1] WASHINGTON: United States lawmakers on Wednesday invited the chiefs of the PGA Tour , LIV Golf and Saudi Arabia's Public Investment Fund to testify at a hearing looking into their shock deal that has rocked the golf world. Richard Blumenthal, chair of the Senate's Permanent Subcommittee on Investigations, said the panel wanted more details of how the new golfing entity would work, describing it as a "Saudi takeover" of "a cherished American institution." PGA Tour chief executive Jay Monahan, LIV golf chief executive Greg Norman and PIF governor Yasir Al-Rumayyan have all been asked to appear before the subcommittee. "Americans deserve to know what the structure and governance of this new entity will be," Blumenthal, a Democrat, said in the letter sent to the three men. "Major actors in the deal are best positioned to provide this information, and they owe Congress -- and the American people -- answers in a public setting....

PGA Tour commissioner will return on July 17 | The Express Tribune

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[ad_1] WASHINGTON: PGA Tour commissioner Jay Monahan, sidelined nearly a month by an unspecified medical issue, will return to work on July 17, the tour announced on Friday. Monahan's return will come six days after he misses a hearing by US lawmakers into the PGA-LIV deal. Monahan, who left his duties on June 13, was ripped by many players as a hypocrite after negotiating a merger deal with the Saudi backers of rival LIV Golf following a year of urging players to reject record financial offers to stay with the PGA Tour. Saudi Public Investment Fund (PIF) governor Yasir al-Rumayyan, who made the deal with Monahan, will not appear at the hearing and neither will LIV chief executive Greg Norman, citing schedule conflicts. In Monahan's place will be Ron Price, the tour's chief operating officer, and Jimmy Dunne, a PGA Tour board member who was a negotiator of the deal. Monahan revealed his return in a memo to the PGA board, tour members and staff. "Thank yo...