{"id":296715,"date":"2023-11-30T18:24:58","date_gmt":"2023-11-30T18:24:58","guid":{"rendered":"https:\/\/sportstoft.com\/?p=296715"},"modified":"2023-11-30T18:24:58","modified_gmt":"2023-11-30T18:24:58","slug":"pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/golf\/pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end\/","title":{"rendered":"PGA commish Jay Monahan: LIV merger deal &apos;firm target&apos; for year end"},"content":{"rendered":"<h1> PGA Tour commissioner Jay Monahan prepares to meet with Saudi PIF&#8217;s Yasir Al-Rumayyan as he insists December 31 deadline for LIV Golf merger deal is still a &#8216;firm target&#8217;<\/h1>\n<ul>\n<li><strong>Monahan says that the PGA Tour is &#8216;having conversations with multiple parties&#8217;\u00a0<\/strong><\/li>\n<li><strong>Recent speculation suggested that the year-end deadline could be extended\u00a0<\/strong><\/li>\n<li><strong>DailyMail.com provides all the latest international sports news\u00a0<\/strong><\/li>\n<\/ul>\n<p>PGA Tour commissioner Jay Monahan said the Dec. 31 deadline outlined in the framework agreement with the Public Investment Fund remains &#8216;a firm target&#8217; and that he plans to meet with PIF governor Yasir Al-Rumayyan next week.<\/p>\n<p>Speaking at The New York Times DealBook Summit in New York City on Wednesday, Monahan acknowledged the tour is in discussions with multiple parties about potential investment in a new for-profit entity but that negotiations with PIF and the DP World Tour are ongoing.<\/p>\n<p>&#8216;We&#8217;re having conversations with multiple parties,&#8217; Monahan said, per multiple reports. &#8216;The deadline for our conversations with PIF, as you know, is a firm target.<\/p>\n<p>&#8216;I&#8217;ll be with Yasir next week, and we continue to advance our conversations. And I think it&#8217;s pretty well known that there&#8217;s a large number of other interested parties that we&#8217;re also pushing to think about.&#8217;<\/p>\n<p>Monahan&#8217;s comments came amid speculation that the deadline for the agreement to be finalized may be extended.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/30\/17\/78435125-12810783-image-a-41_1701366402405.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>PGA Tour commissioner Jay Monahan says a merger with LIV by year&#8217;s end is still a &#8216;firm target&#8217; <\/p>\n<p>The tour has also been in discussions with other interested parties, most notably the Fenway Sports Group. Investment firm KKR &amp; Co. is another group reported to have had discussions with the tour.<\/p>\n<p>Monahan said that a potential agreement with PIF may include at least one additional co-investor.<\/p>\n<p>&#8216;When this gets finalized, the PGA Tour is going to be in a position that I talked about earlier, where again, the athletes are owners in their sport, and you&#8217;ve got not only the PIF, but you&#8217;ve likely got another co-investor, with significant experience in business, in sport and brand that&#8217;s going to help take the PGA Tour to another level and help us take share from other sports and even be more competitive,&#8217; he said, per reports.<\/p>\n<p>&#8216;What&#8217;s most important to our players is that they go from the model of being independent contractors to being owners.&#8217;<\/p>\n<p>The framework agreement came as a surprise announcement on June 6, with Monahan and Al-Rumayyan appearing together on CBNC. The agreement was negotiated among a small group of people and rankled much of the PGA Tour&#8217;s membership.<\/p>\n<p>Eight days later, Monahan would begin a month-long medical leave due to anxiety and mental health concerns. He returned to his post on July 17.<\/p>\n<p>&#8216;I think what&#8217;s happening to me in my head around that timeframe was not too dissimilar to what was happening to me in my head in the months prior to it,&#8217; Monahan said Wednesday.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/30\/17\/78435111-12810783-image-a-40_1701366396786.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Monahan says he&#8217;ll be meeting with PIF governor Yasir Al-Rumayyan next week<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/30\/17\/78435167-12810783-image-a-39_1701366394636.jpg\" height=\"447\" width=\"634\"><\/p>\n<p>PGA Policy Board player director Tiger Woods says the players are &#8216;not going to have what transpired in a few months without our involvement again&#8217;<\/p>\n<p>&#8216;This had been an extended conflict. It had affected me, my mental and my physical health.&#8217;<\/p>\n<p>Tiger Woods, who had no knowledge of the framework agreement at the time of the announcement, has since joined the tour&#8217;s Policy Board as a player director. Meanwhile, Rory McIlroy left the board and was recently replaced by Jordan Spieth.<\/p>\n<p>&#8216;(Monahan) understands what happened prior to that can&#8217;t happen again and won&#8217;t happen again, not with the players that are involved and not with the player directors having the role that we have,&#8217; Woods said on Tuesday.<\/p>\n<p>&#8216;We&#8217;re not going to have what transpired in a few months without our involvement again.&#8217;<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/golf\/article-12810783\/PGA-Tour-commissioner-Jay-Monahan-prepares-meet-Saudi-PIFs-Yasir-Al-Rumayyan-insists-December-31-deadline-LIV-Golf-merger-deal-firm-target.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>PGA Tour commissioner Jay Monahan prepares to meet with Saudi PIF&#8217;s Yasir Al-Rumayyan as he insists December 31 deadline for LIV Golf merger deal is <a class=\"mh-excerpt-more\" href=\"https:\/\/sportstoft.com\/golf\/pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end\/\" title=\"PGA commish Jay Monahan: LIV merger deal &amp;apos;firm target&amp;apos; for year end\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":296714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PGA commish Jay Monahan: LIV merger deal &amp;apos;firm target&amp;apos; for year end - Sportstoft<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sportstoft.com\/golf\/pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PGA commish Jay Monahan: LIV merger deal &amp;apos;firm target&amp;apos; for year end - Sportstoft\" \/>\n<meta property=\"og:description\" content=\"PGA Tour commissioner Jay Monahan prepares to meet with Saudi PIF&#8217;s Yasir Al-Rumayyan as he insists December 31 deadline for LIV Golf merger deal is [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sportstoft.com\/golf\/pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"Sportstoft\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-30T18:24:58+00:00\" \/>\n<meta name=\"author\" content=\"Jeanette\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sportstoft.com\/wp-content\/uploads\/2023\/11\/PGA-commish-Jay-Monahan-LIV-merger-deal-aposfirm-targetapos-for-year-end.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeanette\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sportstoft.com\/golf\/pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end\/\",\"url\":\"https:\/\/sportstoft.com\/golf\/pga-commish-jay-monahan-liv-merger-deal-firm-target-for-year-end\/\",\"name\":\"PGA commish Jay Monahan: LIV merger deal &apos;firm target&apos; 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