Salem Radio Network News Thursday, September 28, 2023


PGA Tour ‘couldn’t afford to keep battling Saudi Arabia’ – WSJ

(Reuters) – The PGA Tour could not afford to conduct a lengthy spending war against Saudi Arabia, the Wall Street Journal reported on Saturday, citing a person who heard the remarks by PGA Tour commissioner Jay Monahan.

Monahan told employees that the Tour had spent close to $50 million in its legal fight which had years to go, and had dipped into $100 million of its reserves to pay for its schedule, the report added.

“We cannot compete with a foreign government with unlimited money,” Monahan said, according to the WSJ report. “This was the timeā€¦.We waited to be in the strongest possible position to get this deal in place.”

PGA Tour did not immediately respond to a Reuters’ request for comment.

(Reporting by Urvi Dugar in Bengaluru; Editing by Alex Richardson)


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