30, according to one of the sources, it was shot down by Herlihy, a powerful corporate attorney, who told the investor: “If it’s not 100 percent owned and controlled by the PGA Tour, it will be viewed as hostile.’’
Monahan brought the proposal to the chairman of the PGA Tour’s Policy Board, Ed Herlihy, and on Oct. even though it was clear this could put an end to the Saudi LIV Golf threat. The catch: Those eight events were going to be player and investor-owned (50 percent each), and that didn’t suit the suits at PGA Tour headquarters in Ponte Vedra Beach, Fla. PGA Tour head Jay Monahan unloads on Saudi-backed LIV Golf: ‘Irrational threat’Īccording to one of the sources, the financial backer of the group, who’s already in business with the PGA Tour on its legalized gambling side, committed to invest $500 million up front to get the concept started with another $500 million to come as the concept gained footing.
Jay Monahan and Greg Norman USA TODAY Sports Getty Images Those events would have replaced some of the Tour’s fledgling events, which the player-investor group would buy from the Tour.
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The concept, which was presented to Monahan in October, consisted of an eight-event team series featuring the top players in the sport that would be blended into the PGA Tour’s existing schedule. To review: The Post reported exclusively in February that three high-level PGA Tour players along with a deep-pocketed investor made a proposal to Monahan that would have eliminated the threat of the Saudi-backed tour.Īccording to three independent sources - two of which were players - with intimate knowledge of that proposal, the PGA Tour squashed the alternative concept. The shame for them is that it never had to reach this stage, and this is not a good thing for the PGA Tour or, more importantly, golf. Instead, they took an approach that can only be perceived as greedy and arrogant and now they’ve become reactive, finding themselves on the defensive. Such is the state of the PGA Tour after commissioner Jay Monahan’s latest chess move - an act that smacked of desperation as he announced a revamped, condensed schedule that caters to the tour’s elite with more lucrative purses - in an effort to stave off the Greg Norman-led LIV Golf series.īut it never needed to come to this, because Monahan and the PGA Tour had a chance to cut off the Saudi-backed tour concept at its knees back in the fall had they been proactive. The empire struck back on Wednesday, but it was too little too late. Why Xander Schauffele hasn't closed door on jumping to LIV Golf Matthew Wolff knows he'll turn career struggles around: 'Got to mature' Morgan Hoffmann has overcome odds, regardless of Travelers finish Xander Schauffele ends three-year PGA Tour drought with emotional Travelers win PGA, DP World tours are now united against LIV Golf threat
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