Scottie Scheffler's group putts on the 17th green at The Players Championship last March. | Noah Nertz, Jacksonville Today
Published on December 19, 2024 at 12:40 pm
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The PGA Tour is on the hunt for a chief executive.
Tour Commissioner Jay Monahan announced this week that the tour, based in Ponte Vedra Beach, will look outside the organization to fill the new role.
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In a video on the tour’s social media channels, Monahan pledged that everything was on the table.
“We are bringing new perspectives onto our team to help us realize the incredible opportunities ahead for our sport, including launching a search for a CEO for the PGA Tour,” Monahan said. “We can learn so much from across the world of sport and entertainment. I’m excited to meet candidates for this important new role.”
The announcement comes 11 months after the tour created a for-profit company that included a $1.5 billion investment from Strategic Sports Group.
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The PGA Tour will continue to operate as a nonprofit organization as a part of PGA Tour Enterprises. Monahan will remain commissioner and work for the for-profit company.
Last week, Bloomberg News reported Saudi Arabia’s Public Investment Fund was close to acquiring a 6% stake in PGA Tour Enterprises.
Since 2022, the Saudi Public Investment Fund has bankrolled LIV Golf, a competing tour that invested hundreds of millions of dollars to lure some of the top names in golf away from the PGA Tour.
