Jay Monahan is currently present at TPC Deere Run in Illinois, where preparations are underway for the upcoming John Deere Classic starting on Thursday, July 4. During his time at the venue, Monahan engaged with members of the press, fielding inquiries predominantly centered around negotiations involving the Public Investment Fund (PIF).
According to a report by Golf Channel’s Amy Rogers via her X account, Monahan’s statements on the PIF negotiations mirrored those he made previously at the Travelers Championship. He emphasized his policy of avoiding public negotiations, stating firmly that he would not conduct discussions “in the media.” Rogers shared the following excerpt from Monahan’s recent remarks:
“When Monahan was asked to provide an update on the progress of negotiations between the PGA Tour/PIF since his last update at the Travelers Championship two weeks ago he repeated the same points from Travelers, saying he wouldn’t negotiate in the media and said talks remain ongoing.”
The negotiations between the PGA Tour and PIF have been ongoing for over a year. A significant development occurred on June 6, 2023, when a ‘framework agreement’ was disclosed to the public. This agreement forms the basis for ongoing negotiations toward a final, conclusive agreement, which has yet to be finalized. Originally slated for conclusion by the end of the previous year, negotiations were extended due to the agreement not reaching readiness. Hopes were high that both parties could announce an agreement before the Masters tournament, but this milestone also remains outstanding.
During the Travelers Championship, Jay Monahan provided insight into the ongoing negotiations between the PGA Tour and PIF. While he refrained from divulging specific details, Monahan highlighted the consistent communication between both sides. He specifically noted a productive meeting held in New York by the PGA Tour’s negotiating team, which includes prominent figures such as Tiger Woods, Adam Scott, and Rory McIlroy.
Monahan also mentioned insights from leaders within the Sports Strategic Group (SSG), a significant partner of the PGA Tour for several months. He highlighted figures like Arthur Blank, Sam Kennedy, Andy Cohen, and Joe Gordon, who view the global golf landscape as exceedingly complex.
Despite these updates, Monahan refrained from providing a concrete timeline for the conclusion of negotiations, underscoring the intricacies involved in reaching a final agreement.
