PGA Tour to hire CEO to run expanding business. Jay Monahan stays on as commissioner
The PGA Tour, flush with a $1.5 billion investment from private equity and still negotiating with the Saudi-backers of LIV Golf as a minority investor, is hiring a CEO for the first time who will work alongside Commissioner Jay Monahan. “Everything is on the table,” Monahan said in a video message posted on PGA Tour's social media channels. The PGA Tour is wrapping up a year of sweeping changes while still unable to reach an agreement with the Public Investment Fund of Saudi Arabia, though recent signs indicate they are closer than ever.
Read more: PGA Tour to hire CEO to run expanding business. Jay Monahan stays on as commissioner
'The Showdown': Where to watch PGA Tour vs LIV Golf event on TV, streaming today
Rex Hoggard breaks down the news that the PGA of America is going to increase charitable money and add in a stipend for U.S. Ryder Cup players, as well as the "outspoken response" from European captains and players.
Read more: U.S. Ryder Cup golfers to be paid a stipend