Multiple major champion Tiger Woods (48) has been announced as vice president of the newly formed PGA Tour Enterprises.
The vast majority of golf fans seemed to believe that the PGA Tour was now firmly in the hands of Tiger Woods after he was named vice president of their newly formed venture capital investment.
PGA Tour Enterprises officially announced its board on March 6.Unsurprisingly, Woods is closely involved with the company and serves as vice president.
PGA Tour Commissioner Jay Monahan is the company’s CEO.PGA”Chief coming soon,” wrote one on X after seeing news of Woods’ new role.
Another added: “Tiger Woods is moving on PGA Tour.”PGA Tour Enterprises was originally created last June when the North American circuit entered into a framework agreement with the Public Investment Fund of Saudi Arabia (backers of LIV Golf) and DP.
World tourUnder the terms of the agreement, the business interests of all tours would be under the umbrella of PGA Tour Enterprises.
The head of LIV, powerful Saudi businessman Yasir Al-Rumayyan, was slated to become president of PGA Tour Enterprises, and the aforementioned Monahan answered directly to him.
But Al-Rumayyan was not mentioned in the report.We are led to believe that negotiations between the PGA Tour and PIF are ongoing, but whether they can be moved forward as investors may be difficult due to government scrutiny.
PGA Tour Enterprises also received a $1.5 billion cash investment in January from a consortium of American sports team owners led by Fenway Sports Group.
In addition to Woods, active PGA Tour players Patrick Cantlay, Peter Malnati, Adam Scott, Webb Simpson and Jordan Spieth were named to the board of PGA Tour Enterprises.
Former player Joe Ogilvie was named managing partner..