These are uncertain times in pro golf, as the PGA Tour and Saudi Public Investment Fund are still deadlocked in determining the future of the professional game.
A pending merger was announced nearly a year ago, a deadline to finalize a deal passed in December and further negotiations still loom with little progress made public.
Another potential setback came Monday, when businessman Jimmy Dunne — a key dealmaker in the Framework Agreement last June — abruptly resigned from the PGA Tour Policy Board. Dunne cited a lack of progress on a board in which players now outnumber independent directors, and he called his vote and role “utterly superfluous.”
Dunne’s resignation — and the status of the merger — has been a big topic early this week at the PGA Championship.
“Honestly I think it’s a huge loss for the PGA Tour if they are trying to get this deal done with the PIF and trying to unify the game,” said Rory McIlroy, speaking to the media on Wednesday at Valhalla Golf Club in Louisville, Ky. “Jimmy was basically the relationship, the sort of conduit between the PGA Tour and PIF. It’s been really unfortunate that he has not been involved for the last few months, and I think part of the reason that everything is stalling at the minute is because of that. So it’s really, really disappointing, and you know, I think the Tour is in a worse place because of it.”
McIlroy himself hasn’t been spared of any drama. He resigned from the Policy Board himself, in November — citing personal and professional commitments — but recently tried rejoining, to fill a spot held by Webb Simpson, who wanted McIlroy to take his spot. But that move didn’t follow Tour protocol and Simpson stayed in place.
“There was a subset of people on the board that were maybe uncomfortable with me coming back on for some reason,” McIlroy said last week at the Wells Fargo Championship. “I think the best course of action is if there’s some people on there that aren’t comfortable with me coming back on, then I think Webb just stays on and sees out his term, and I think he’s gotten to a place where he’s comfortable with doing that and I just sort of keep doing what I’m doing. So yeah, I put my hand up to help and, I wouldn’t say it was rejected, it was a complicated process to get through to put me back on there.”
McIlroy is, however, on the newly formed PGA Tour Enterprises’ transactions subcommittee, which negotiates directly with the PIF. That subcommittee, which Tiger Woods is also on, was made public last week.
Yet the future of the pro golf landscape still seems uncertain. At the PGA, Jordan Spieth, who took McIlroy’s spot on the board in November, said “things are moving actually a lot better than what people think they are.”
