PGA Tour Commissioner Jay Monahan is telling U.S. lawmakers the tour was left on its own to fend off a Saudi invasion into golf.
, while still not finalized, would end all litigation between the PGA Tour and the Public Investment Fund. In the last year, LIV Golf had lured away some of golf's biggest stars with signing bonuses of $100 million or more, prompting the PGA Tour to respond by pouring millions into its own tournament purses.
Three days after Monahan's letter — first reported by Politico and obtained by The Associated Press — theamid “serious questions” on how the agreement came about. “We believe that we did everything we could possibly do to defend what we stand for, including spending tens of millions of dollars to defend ourselves from litigation instigated by LIV Golf — significant funds diverted away from our core mission to benefit our players and generate charity,” Monahan said.
The announcement last week was for PIF, the PGA Tour and European tour to pool their business interests — that includes PIF-funded LIV Golf. Still unclear is whether LIV Golf continues after this year and how players who defected from the PGA Tour could return.
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