Commissioner Jay Monahan told employees that the PGA Tour simply couldn’t afford to keep fighting the Saudi Arabia-backed LIV Golf League, the Wall Street Journal reported Saturday.
Monahan said the tour was spending tens of millions in its legal fight with Saudi Arabia’s Public Investment Fund while also increasing its own purses to help stop other players from defecting to the rival circuit.
Monahan made the remarks during a meeting Thursday at PGA Tour headquarters in Ponte Vedra Beach, Fla., per the report. He said the fight was not sustainable against a Saudi Arabian sovereign wealth fund that reportedly has more than $600 billion in assets.
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- June 12, 2023
