PGA tour couldn't compete with Saudi Arabia's 'limitless cash:' Report

PGA employees are claiming that the corporate couldn't afford to proceed combating Saudi Arabia and as a substitute determined to merge with LIV Golf.

Tour commissioner Jay Monahan defined the merger to staff in a Thursday assembly, in line with the Wall Avenue Journal, who cited sources that had been current within the room on the time. Monahan claimed the authorized charges had mounted to $50 million for the corporate, and induced it to make the most of its $100 million in reserves so as to reconfigure the golf schedule because the authorized combat disrupted the game.

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“We can not compete with a international authorities with limitless cash,” Monahan reportedly stated. “This was the time. ... We waited to be within the strongest attainable place to get this deal in place.”

A PGA spokesperson would subsequently declare that the report was "an oversimplification."

“With the top of the fractured panorama on this planet of males’s skilled golf, the PGA Tour has by no means been a extra worthwhile property," the spokesperson instructed the outlet. "This transaction will make skilled golf extra aggressive with different skilled sports activities and sports activities leagues.”

On the time of the merger, Monahan stated the corporate was ringing in a "new period in world golf, for the higher.”

“We're happy to maneuver ahead, consistent with LIV and PIF’s world-class investing expertise, and I applaud PIF Governor Yasir Al-Rumayyan for his imaginative and prescient and collaborative and forward-thinking method that's not only a answer to the rift in our sport, but additionally a dedication to taking it to new heights," Monahan added.

Gamers who had been beforehand banned from the PGA as a result of they performed with LIV Golf will now have the chance to re-apply and play underneath the newly merged tour.