Report: Sir Nick Faldo disappointed with PGA Tour commissioner
Multiple major champion Sir Nick Faldo says he was disappointed PGA Tour boss Jay Monahan didn't call him to explain why he wasn't going to receive an equity grant.
Sir Nick Faldo has revealed he was frustrated commissioner Jay Monahan didn't call him to explain why he was excluded from PGA Tour's equity grants scheme.
In January 2024, the PGA Tour signed a $3bn deal with a group of investors led by the Fenway Sports Group, which owns Liverpool FC.
As part of the deal with the Strategic Sports Group, the established circuit announced $930m would be set aside in equity grants.
Most of the money will go to the game's biggest stars such as Tiger Woods, Rory McIlroy and Scottie Scheffler.
It is understood, though, at least $75m was also reserved for past legends of the sport.
Jack Nicklaus, Gary Player and Lee Trevino are reportedly among the 36 players who have received equity shares in the veterans/legends category.
The Tour is keeping the list of names secret for 'legal reasons', according to the report.
Faldo, a six-time major winner, assumed he would be included in the grants but was left scratching his head when it turned out he didn't qualify.
The Englishman, now 67, has amassed more than 300 starts on Tour and spent 97 weeks at the summit of the world rankings.
Alongside 30 worldwide wins, Faldo also won nine times on the PGA Tour.
After he retired, he spent 18 years in the commentary booth and 'never' said a bad word about the Tour.
According to a detailed report by Golfweek, Faldo texted Monahan in January about the subject and was told that a meeting would be scheduled between the pair.
It never happened.
Faldo left Monahan two voicemails and, eventually, a letter arrived from the commissioner with one of the Tour's lawyer's copied in.
"I was disappointed that Jay couldn't man up and call me personally," Faldo said.
"The letter basically said I haven't played enough and won enough. I guess we were the wrong era."
He added: "I'd like to think my contributions to the Tour were significant enough. Plus, I did 18 years of TV and I don't think I ever said a bad word about the Tour and I supported Jay through LIV.
"If the Tour thinks I brought no value there's not a lot I can do, simple as that."
Faldo wasn't alone in feeling as though they deserved some recognition.
Former European Ryder Cup captain Tony Jacklin also expressed his fury.
Jacklin, 80, also assumed he would qualify given he won two majors in a hall of fame career.
"It's skulduggery," he said.
Jacklin also confirmed he wrote to the Tour but never got a reply.
"I just thought it was a despicable way of dealing with things," he added.
Read the full report here.