Neville, a partner at Raine Group - a New York-based sports, media and entertainment investment firm - was previously retained as a third-party adviser to players on the tour’s policy board, the Player Advisory Council and the full membership. According to a tour official, he will fill a seat when a current board member rolls off and not impact the players’ one-seat advantage.Īdditionally, players have succeeded in requesting that Colin Neville, their newly assigned player directors’ special advisor, be given “full access to any documents or information that he requests as being necessary for him to carry out his duties on behalf of the players.” In time, PIF governor Yasir Al-Rumayyan will join the policy board as an independent director, according to the tour’s framework agreement with the PIF. That seat will eventually be filled by a candidate recommended by a search committee of Cantlay, Simpson and board members Mark Flaherty and Mary Meeker. The independent directors currently have an open seat following former AT&T executive Randall Stephenson’s resignation on July 9. The addition of Woods gives the players a one-seat advantage opposite the five Independent Directors - a collection of board members selected from the business and legal world to offer guidance to the tour. Woods will join Rory McIlroy, Webb Simpson, Patrick Cantlay, Charley Hoffman and Peter Malnati as player directors. Any agreement we reach must be shaped by our members’ input and approval earned through our Player Directors.” “My job in the negotiations - in partnership with our player directors, PAC and the broader membership - is to advocate for what is best for the PGA Tour members today and in the future. “I am committed to taking the necessary steps to restore any lost trust or confidence that occurred as a result of the surprise announcement of our framework agreement,” Monahan said. Tuesday’s official announcement, via the tour, stated the addition of a sixth player seat and Woods’ addition ensure the tour “being a player-driven organization, ‘for the players, by the players.’”Īn included Monahan quote acknowledged the commissioner’s tenuous position. The move comes one day after embroiled PGA Tour commissioner Jay Monahan reportedly received a letter from 41 players demanding a review of the tour’s power structure.
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