The PGA Tour, which just secured US$1.5 billion from a private investment firm and is still negotiating with rival LIV Tour to become a minority business partner, will hire for the first time a President and Director of Business Operations to support Commissioner Jay Monahan.
Monahan confirmed the information to his staff Tuesday morning as part of his end-of-year speech which also served to establish goals for 2025.
“Everything is on the table,” Monahan said in a video message posted on PGA Tour social media.
The PGA Tour is wrapping up a year of significant change and has yet to find common ground with Saudi Arabia’s Public Investment Fund, although there are indications that this may be the case. could soon come to fruition. However, we do not know to what extent this agreement could unite golf again, while its main headliners play on rival circuits.
The ‘Strategic Sports Group’ (SSG), a consortium of American businessmen who own sports franchises led by the Fenway Sports Group, invested $1.5 billion in the organization last January, and it could potentially double that investment .
His involvement led to the establishment of an innovative program to award shares to golfers, based on their performance and their contributions to the success of the company.
“We are exploring new avenues to enable our team to realize the full potential of our sport, including hiring a new PGA Tour President and Chief Operating Officer,” Monahan said. We have so much to learn from the world of sports and entertainment, and I look forward to meeting candidates to fill this new critical position within our organization. »
Atlanta Falcons owner Arthur Blank, who is part of the SSG and a member of the new business entity’PGA Tour Enterprises‘, will lead the committee responsible for this hiring and on which Monahan is also located.
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