Breaking news:Rory McIlroy Exhibits Optimism After New PGA Committee’s First Meeting With Saudi PIF as……
Breaking news:Rory McIlroy Exhibits Optimism After New PGA Committee’s First Meeting With Saudi PIF as……
McIlroy displayed a different disposition from recent weeks after he, Tiger Woods and others met with LIV’s funders as part of a newly created transaction committee.
DUBLIN, Ohio – Rory McIlroy struck an upbeat tone in describing the first in-person meeting between a PGA Tour transaction committee and the Public Investment Fund of Saudi Arabia, which backs LIV Golf.
The committee, including Tiger Woods, met with the PIF and governor Yasir Al-Rumayyan on Friday evening in New York. McIlroy joined via video conference from the Memorial Tournament, where he is competing this weekend.
“Very productive, very constructive, very collaborative,’’ McIlroy said after the third round at Muirfield Village Golf Club. “I think those are probably three words I would use to describe it. Yeah, it was really good. Definitely things are heading in the right direction. A lot of progress was made. I can’t really say much more than that, but it was really positive.’’
McIlroy, who shot 73 and is tied for 11th in the tournament led by Scottie Scheffler through three rounds, was pessimistic about the state of negotiations just a few weeks ago at the PGA Championship in the aftermath of PGA Tour Policy Board member Jimmy Dunne’s resignation.
Dunne, who resigned on May 13, had been part of the negotiations more than a year ago that led to the initial “framework agreement’’ that was announced June 6, 2023. Dunne was the first one to reach out to Al-Rumayyan in an attempt to bring peace to the men’s professional game.
McIlroy and Adam Scott were named last month to a “transaction committee’’ that is to deal directly with the PIF as part of a plan to get investment in the new PGA Enterprises.
The others on the committee are PGA Tour commissioner Jay Monahan; former Tour player and board liaison Joe Ogilvie; Joe Gorder, who is an executive with Valero and the chairman of PGA Tour Enterprises; and John Henry, a principal with Fenway Sports Group and part of the Strategic Sports Group, which earlier this year invested $1.5 billion in PGA Tour Enterprises.
McIlroy said he prepped with the transaction committee for 90 minutes prior to the three-hour meeting.
