PGA Tour problem merger replace on loyalty compensation and LIV rebels return
The PGA Tour has issued an replace on what the settlement with the Public Investment Fund of Saudi Arabia (PIF) entails for its enjoying members. The PGA Tour shocked the world of golf final month by reaching an agreement with PIF.
The deal will see the Tour work with rivals LIV Golf, in addition to the DP World Tour underneath one umbrella named ‘NewCo’. Following the announcement on June 6, particulars on the deal have remained sparse.
The lack of readability has raised query marks amongst gamers, with a quantity claiming to have been left at nighttime in regard to the deal, together with Player Advisory Council chairman Adam Scott. Developments haven’t been helped by the absence of Commissioner Jay Monahan in latest weeks.
Just days after the settlement was introduced, Monahan stepped again from his function on medical grounds. Six weeks on although, the commissioner has returned to his submit and supplied a much-need replace on what the longer term holds for the Tour.
In a memo to gamers, Monahan revealed that he had made a full restoration, claiming he was feeling “stronger than ever”. He went on to stipulate plans to introduce a ‘Player Benefit Program’, which is able to see the Tour problem compensation to those that remained loyal and turned down the cash on supply from LIV Golf.
This comes after the door opened for many who made the Saudi change to return. The replace additionally included a bit on ‘Player Discipline’, which is able to see a ‘task force’ resolve how finest to permit LIV gamers to reapply for his or her membership.
The PGA Tour had initially opted to ban any participant making the transfer to the breakaway circuit. The likes of Dustin Johnson, Phil Mickelson, Brooks Koepka, and Bryson DeChambeau all misplaced their proper to play on the Tour final summer season.
Monahan wrote to his enjoying members: “Two key parts of our work in the direction of a definitive settlement heart on the Player Benefit Program and Player Discipline (for these LIV gamers who could endeavor to reapply for membership), and we’re making regular progress towards a advice on every of these parts.”