Mastermind behind PGA Tour-PIF deal reveals all: "Monahan can disband LIV Golf!"
A report has revealed fresh details about the PGA Tour's agreement with PIF.
Further details are emerging about the deal between the PGA Tour and LIV Golf's Saudi backers.
According to Sports Illustrated, there are some bombshells. Chief of which, PGA Tour boss Jay Monahan 'can disband LIV if he wants to'.
Jimmy Dunne, who sits on the PGA Tour's policy board, was the first to reach out to their rivals in April, via a WhatsApp message.
After a few secret meetings across the globe, Monahan sent shockwaves through the sport with a stunning U-turn and partner with their rival.
Per the report, which you can read here, the parameters of the agreement are outlined by Dunne:
- PGA Tour commissioner Jay Monahan will oversee LIV Golf and will reportedly 'evaluate' the league at the end of the year with Yasir Al-Rumayyan, the Saudi businessman who was the mastermind behind the breakaway tour
- Monahan can disband LIV if he wants to
- If LIV Golf players want to return to the PGA Tour, they can but the penalties for doing so will be significant
- The Public Investment Fund of Saudi Arabia is not contributing anything directly to the PGA Tour or its players.
- PIF will get the 'right for first refusal' to be the PGA Tour's investment partner
- All legal disputes have been settled
- Greg Norman is likely to be out of a job in 2024
In the immediate aftermath of the deal there was speculation about the future of LIV Golf.
Norman reportedly addressed more than 100 LIV staff and told them its 'business as usual' for 2023, 2024 and 2025.
"We created history," Norman said.
Dunne himself as been under scrutiny as well for his involvement in brokering the deal. The 65-year-old businessman lost many of his colleagues in the 9/11 terror attacks.
He later was critical of LIV golf players and Norman, describing him as the 'luckiest man on the planet' as he found someone wealthy enough to bankroll his vendetta against the PGA Tour.
Here's Jimmy Dunne, one of two people who helped broker the deal between the PGA Tour and the PIF, saying on Golf Channel that if anyone can find someone who was unequivocally involved in 9/11, he'll kill them himself.
This week is surreal.pic.twitter.com/qdK5CzUfSq
— Kyle Porter (@KylePorterCBS) June 8, 2023
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