Tiger Woods Takes Lead Role in PGA Tour Negotiations with Saudi Backers
In a significant development for the PGA Tour, golf legend Tiger Woods has been appointed to a key subcommittee that will be involved in negotiations with the Public Investment Fund (PIF) as part of efforts to strike a deal with Saudi backers of LIV Golf.
Woods, who joined the PGA Tour board in August, will be the lone player on the five-member subcommittee tasked with handling day-to-day negotiations with PIF, which seeks to become a minority investor in PGA Tour Enterprises.
The subcommittee, which also includes PGA Tour Commissioner Jay Monahan, board chairman Joe Gorder, John W. Henry of Fenway Sports Group, and former tour player Joe Ogilvie, will report back to the full board on the progress of the negotiations.
The move comes amid a busy day of governance for the PGA Tour, as it seeks to navigate the complexities of striking a deal with Saudi backers while maintaining the integrity of the sport.
Woods’ appointment to the subcommittee underscores his continued influence in the world of golf and his commitment to shaping the future of the sport. As negotiations with PIF continue, all eyes will be on Woods and the subcommittee to see how they navigate this critical phase in the PGA Tour’s evolution.