Jay Monahan's future has been the subject of speculation since the PGA Tour said he was taking leave. It came one week after he announced a joint venture with the Public Investment Fund of Saudi Arabia, the sovereign wealth fund bankrolling rival LIV Golf.
Monahan's future has been the subject of intense speculation since the Tour announced on June 14
to address an unspecified"medical situation." No further information on his health has been released since then. In the interim, the Tour's day-to-day operations have been under the control of Chief Operating Officer Ron Price and PGA Tour president Tyler Dennis."I am deeply sorry that I haven't been able to be with you during this time. The last two years have been grueling for us all.
The about-face by Monahan and the Tour led some angry players to call for his resignation at a tense meeting in Toronto later that day. Monahan played no part in last week's Policy Board meeting in Detroit.but has led to the withdrawal of litigation by both sides. The agreement calls for Monahan to serve as CEO of a new company, with Al-Rumayyan acting as chairman.
Monahan has been invited to testify on July 11 before the U.S. Senate Permanent Subcommittee on Investigations, which has raised questions about the terms of the deal with a foreign wealth fund. The invitation was declined on health grounds. The PGA Tour will be represented by Price and Jimmy Dunne, a Wall Street investor and Tour board member who helped architect the deal with the Saudis.
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