Playcr ag wager schedule8/27/2023 A member of Augusta National Golf Club and president of Seminole Golf Club in Juno Beach, Florida, Dunne will serve on the new company's board. The players who left for the LIV Golf League, according to Dunne, would not be able to participate in the new company's equity plan.ĭunne, the vice chair and senior managing principal of the investment bank Piper Sandler, helped lay the groundwork for the PGA Tour's alliance with the Public Investment Fund (PIF), which is financing the rival LIV Golf League. It would be a process to determine what would be a fair mechanism that would be really beneficial to our players." "There would have to be some kind of formulaic decision on how to do that. "The new would grow, and the players would get a piece of equity that would enhance and increase in value as time went on," Dunne said. Several of the tour's top stars, including Hideki Matsuyama, Patrick Cantlay, Jon Rahm and Cameron Young, reportedly turned down guaranteed contracts worth as much as $100 million from LIV Golf League officials. Golfers who remained loyal to the PGA Tour - but not those who left for the LIV Golf League - would receive equity shares in the new for-profit enterprise being formed by the PGA Tour, DP World Tour and Saudi Arabia's Public Investment Fund, Jimmy Dunne told ESPN on Friday.ĭunne, the PGA Tour policy board member who helped broker this week's stunning deal, said current tour members would receive equity in the new company based on a yet-to-be-determined formula. Jimmy Dunne outlines plan for PGA Tour loyalists, LIV players who want back You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser
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