PGA Tour to Offer Members Equity Ownership in New Corporation
Thursday, November 16th, 2023
Once it reaches an agreement with Saudi Arabia's Public Investment Fund or U.S.-based investment partners -- or perhaps even both -- the PGA Tour will offer its members direct ownership in the newly formed corporation, PGA Tour commissioner Jay Monahan said in a memo sent to players Tuesday.
The memo comes on the heels of Monday's marathon meeting at PGA Tour headquarters in Ponte Vedra Beach, Florida, in which policy board members, including Tiger Woods, were apprised of potential investment partners.
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