PGA Tour to hire CEO to work with commissioner

The PGA Tour, flush pinch a $1.5 cardinal finance from backstage equity and still negotiating pinch the Saudi-backers of LIV Golf arsenic a number investor, is hiring a CEO for the first clip who will activity alongside Commissioner Jay Monahan.

Monahan made the announcement to his unit Tuesday greeting arsenic portion of a year-end connection that looked up to 2025.

"Everything is connected the table," Monahan said successful a video message posted connected PGA Tour's societal media channels.

The PGA Tour is wrapping up a twelvemonth of sweeping changes while still incapable to scope an statement pinch the Public Investment Fund of Saudi Arabia, though caller signs bespeak they are person than ever. Still chartless is to what grade this tin merge a athletics wherever its biggest names are competing successful other leagues.

Strategic Sports Group, a consortium of American sports business owners led by Fenway Sports Group, invested $1.5 cardinal successful a woody announced successful precocious January, pinch the anticipation of that finance reaching $3 billion.

That led to a first-of-its-kind equity ownership for the players, depending connected their level of occurrence and contributions to the tour.

"We're bringing caller perspectives connected to our squad to thief america recognize the unthinkable opportunities up for our sport, including launching a hunt for a CEO of the PGA Tour," Monahan said. "We tin study truthful overmuch from crossed the world of athletics and entertainment, and I'm excited to meet candidates for this important caller role."

Atlanta Falcons proprietor Arthur Blank, portion of SSG and a personnel of the caller commercialized PGA Tour Enterprises, will beryllium starring a hunt committee that includes Monahan.

PGA Tour Enterprises runs the for-profit business of the tour, while Monahan is the commissioner of PGA Tour Inc.

The PGA Tour Enterprises committee includes each six players connected the argumentation board, led by Tiger Woods, 4 members of SSG, Monahan and Valero CEO Joe Gorder. The 13th personnel is erstwhile PGA Tour subordinate Joe Ogilvie successful a liaison role.

Professional play now has 4 apical executive openings. The LPGA is searching for a caller commissioner to switch Mollie Marcoux Samaan; the PGA of America has narrowed its hunt for a CEO to switch Seth Waugh; and LIV Golf is expected to sanction Scott O'Neil arsenic its caller CEO pinch Greg Norman taking connected a different role.

The PGA Tour already has tightened its subordinate eligibility by eliminating 25 cards done the FedEx Cup, meaning only the apical 100 will beryllium guaranteed afloat position astatine the extremity of the year. Field sizes besides are being reduced.

The circuit besides will beryllium launching its monolithic PGA Tour Studios adjacent to its headquarters, filled pinch the latest exertion that will let the circuit to nutrient its ain contented and "delivering our fans astir the world much of what you want to see," Monahan said.

The circuit besides has invested successful the TMRW Golf League that starts adjacent month, an indoor title among six teams that will beryllium televised connected ESPN platforms. Woods and Rory McIlroy are down TGL and beryllium to the teams filled pinch apical players.

Monahan's connection came connected the time McIlroy and Scottie Scheffler play an exhibition match against Bryson DeChambeau and Brooks Koepka from LIV Golf, a motion interpreted arsenic a mini measurement toward getting PGA Tour and LIV Golf players together much often than the 4 majors.

But location has been nary denotation of immoderate superior title among the 2 leagues. LIV still hasn't filled retired its 2025 schedule - its 4th season.

Monahan had talked successful August astir reaching retired to the fans, and he said much than 50,000 of them responded to a "fan forward" study geared toward improving the product. He did not mention specifications of what the circuit learned.