The PGA Tour mishandled last month’s announcement of a framework agreement between the circuit, the Public Investment Fund of Saudi Arabia and the DP World Tour, and acknowledged the “misinformation or misunderstanding” that followed, the Tour’s chief operating officer, Ron Price, wrote in an op-ed for The Athletic.
“Due to the confidential nature of negotiations surrounding the framework agreement, much of the initial reaction has been negative, colored by misinformation or misunderstanding. That’s something we take full ownership of and deeply regret,” Price wrote.
The op-ed is a preview of what Price, along with Tour policy board member Jimmy Dunne, plan to tell Senators Tuesday when they testify before the Permanent Subcommittee on Investigations.