The PGA Tour sought to assure players on Tuesday that they will have a say in the tour's new partnership with the Saudi Public Investment Fund (PIF), with its policy board issuing a statement that noted players would have to approve any final agreement.
The statement was released after a meeting of the board, which includes five players: Patrick Cantlay, Rory McIlroy, Charley Hoffman, Peter Malnati, and Webb Simpson.
On Monday night, media outlets obtained the tour's framework agreement with PIF, which said the PGA Tour and DP World Tour would work with their new partners to decide how defectors to the PIF-financed LIV Golf Series can return and what kind of punishment they should face.
Players have been frustrated by the lack of details in the framework agreement, which was negotiated in private by PGA Tour commissioner Jay Monahan, two independent board members and Yasir Al Rumayyan, the governor of PIF. As part of the deal, the PGA Tour and LIV Golf agreed to dismiss all pending lawsuits.
“Entering the framework agreement put an end to costly litigation. Management, with input from our player directors, has now begun a new phase of negotiations to determine if the tour can reach a definitive agreement that is in the best interests of our players, fans, sponsors, partners, and the game overall," the statement said.
“If future negotiations lead to a proposed agreement, it would need approval by the tour's policy board, which includes player directors. In the meantime, we are all committed to the safeguards in the framework agreement that ensure the PGA Tour would lead and maintain control of this potential new commercial entity," the statement continued.
The board met on Tuesday ahead of the Rocket Mortgage Classic, which many top players are skipping after a busy stretch that included the US Open and last week's Travelers Championship, one of the new designated events on the tour schedule with a $20 million purse. McIlroy and Cantlay are not in the field at Detroit Golf Club.
The framework agreement calls for the tour and the Saudis to form a new commercial entity, known for now only as “NewCo”. It includes assurances that the tour would keep a controlling interest in that entity.
The deal has attracted the attention of Congress, with the Senate Permanent Subcommittee on Investigations set to hold a hearing on July 11. Monahan has been invited to testify, but his availability is in question because he is on leave while dealing with a “medical situation.”
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10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
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- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
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Tailors and retailers miss out on back-to-school rush
Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”
A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.
“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”
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