Tiger Woods to be lone player on negotiating committee with Saudis
Tiger Woods has been designated as the sole player on a newly formed five-member subcommittee tasked with negotiating with the Public Investment Fund (PIF), as part of the PGA Tour’s efforts to strike a deal with backers of LIV Golf in Saudi Arabia. Appointed to the PGA Tour board in August, Woods holds a unique…
Tiger Woods has been designated as the sole player on a newly formed five-member subcommittee tasked with negotiating with the Public Investment Fund (PIF), as part of the PGA Tour’s efforts to strike a deal with backers of LIV Golf in Saudi Arabia.
Appointed to the PGA Tour board in August, Woods holds a unique position as the sixth player-director with no term limits. The “transaction subcommittee” on the PGA Tour Enterprises board, which he now joins, will handle day-to-day negotiations with PIF, which seeks to become a minority investor.
Joining Woods on the subcommittee are PGA Tour Commissioner Jay Monahan, board chairman Joe Gorder, John W. Henry of Fenway Sports Group, and Joe Ogilvie, a former tour player serving as a director liaison since March. This subcommittee will report back to the full board on its progress.
This development concludes a day of significant governance activities, beginning with Rory McIlroy’s unsuccessful attempt to rejoin the board. McIlroy, who resigned from the board in November, was hoping to replace Webb Simpson, who offered to resign only if McIlroy were to succeed him. However, some