1 week Ago By Associated Press
Tiger Woods will be the lone player on a five-member subcommittee that will be involved in negotiations with the Public Investment Fund, part of a busy day of governance as the PGA Tour tries to strike a deal with Saudi backers of LIV Golf. Woods was appointed to the PGA Tour board in August, making him the sixth player-director and the only one whose board term has no limits. The tour said Woods will be part of the “transaction subcommittee” on the board of PGA Tour Enterprises that will handle day-to-day negotiations as PIF seeks to become a minority investor.
Also 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 appointed as a director liaison in March. The subcommittee reports back to the full board.
The developments capped a day that began with Rory McIlroy losing the inside track on rejoining the board as Webb Simpson’s replacement when board members resisted his return. “I think there was a subset of people on the board that were maybe uncomfortable with me coming back on for some reason,” McIlroy said at the Wells Fargo Championship in Charlotte, N.C.
, where a $20-million signature event is being played. Simpson had offered to resign, but only if McIlroy were to replace him. When a player-director resigns, the other players on the board have to unanimously agree on a successor.
McIlroy resigned from the board in November, and the players selected J.
