Home Sports PGA Tour board member resigns, takes ethical excessive floor amid PIF deal

PGA Tour board member resigns, takes ethical excessive floor amid PIF deal

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PGA Tour board member resigns, takes ethical excessive floor amid PIF deal

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The controversial deal between the PGA Tour and LIV Golf is changing into a by no means ending drama. A PGA Tour board member, Randall Stephenson, has resigned by letter, per the Washington Publish.

In a letter dated June 8, the previous AT&T govt mentioned he had “critical issues” concerning the partnership and framework of this deal.

“It’s not one which I can objectively consider or in good conscience assist, significantly in mild of the U.S. intelligence report regarding Jamal Khashoggi in 2018,” Stephenson mentioned in his resignation letter.

“I hope, as this board strikes ahead, it should comprehensively rethink its governance mannequin and hold its choices open to guage different sources of capital past the present framework settlement.”

Stephenson despatched his letter to the opposite coverage board members and defined that his resignation was speedy.

Nevertheless, he reportedly waited due to PGA Tour commissioner Jay Monahan’s unspecified well being issues. Monahan surprisingly took a go away of absence shortly after the deal was introduced.

He was later requested to testify earlier than Congress however cited well being issues as to why he couldn’t attend. But, he introduced on Friday that he would return on July 17, simply six days after the proposed testimony.

As a substitute, the Senate Everlasting Subcommittee on Investigations will query board members Jimmy Dunne and the Tour’s chief working officer Ron Worth.

This deal is within the strategy of getting finalized, however there are just a few steps to make that occur. Step one might be approval from the 10-member PGA Tour coverage board. Stephenson has been a member of this board since 2012. This coverage board contains 5 gamers, together with Rory McIlroy and Patrick Cantlay.

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