High-ranking PGA Tour executives were shown a slideshow entitled 'The Best of Both Worlds' which outlined the plans LIV Golf had for Rory McIlroy and Tiger Woods.
Hundreds of pages of documents have been released by the Senate subcommittee which is probing the 'framework agreement' that was announced on 6 June.
Those documents include bombshell communications between the parties. Revelations so far have included there was a side agreement for Greg Norman to be removed from his position.
That framework agreement sent shockwaves throughout the golf world when it was announced the PGA Tour, DP World Tour and the Public Investment Fund of Saudi Arabia (PIF) would form a new, for-profit company.
The PIF is LIV Golf's primary backer and the proposal has been scrutinised intensely owing to Saudi Arabia's dismal record on human rights and the fact it would see the kingdom strengthen their ties in the U.S.
The Senate Homeland Security Committee's Permanent Subcommittee on Investigations conducted a hearing on the agreement on 11 July.
PGA Tour policy board members Ron Price and Jimmy Dunne testified before lawmakers.
Price is the tour's chief operating officer whilst Dunne was brought on as an independent director earlier in the year.
We now know that attendees during one meeting in London included:
- PGA Tour policy board members Jimmy Dunne and Ed Herlihy
- PIF representatives Mohannad S. Alblehed and Brian Gillespie
- Amanda Staveley and Mehrdad Ghodoussi of PCP Capital Partners
- Michael Klein of M. Klein and Co
PGA Tour execs were shown a slideshow which outlined how Woods and McIlroy would be utilised in the long-term agreement.
Those proposals included:
- Rory McIlroy and Tiger Woods to own LIV Golf teams and participate in at least 10 LIV Golf events
- A LIV Golf style team global event with qualifying events held in Saudi Arabia and a final week in Dubai
- A global golf investment fund managed by PIF
- A minimum of two PGA high-profile events to be sponsored by Aramco and/or PIF, with one of these events held in Saudi Arabia
It has also emerged that McIlroy met with the aforementioned Al-Rumayyan in person in November 2022.
According to the first outreach from the PIF, via email to Jimmy Dunne, Rory took a meeting with Yasir Al-Rumayyan in Dubai in November, 2022.— Sean Zak (@Sean_Zak) July 11, 2023
Among the takeaways, 26 is the number! Top players don't wanna play more than 26 times. pic.twitter.com/Fdb6xwkbI2
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