PGA Tour parsing private investment deals as the clock ticks on its Saudi deal
The PGA Tour has created a program that would give players equity ownership in a new commercial enterprise, provided it finalizes a deal with Saudi Arabia's national wealth fund and five other private groups that want to invest. Commissioner Jay Monahan laid out the proposal in a memo to players on Tuesday, which followed a board meeting where tour officials reviewed some of the proposal. Monahan said the board reviewed the bids from private investors and would keep negotiating to select finalists.