The PGA Tour, flush with a $1.5 billion investment from private equity and still negotiating with the Saudi backers of LIV Golf as a minority investor, is hiring a CEO for the first time who will work alongside Commissioner Jay Monahan.
Monahan made the announcement to his staff Tuesday morning as part of a year-end message that looked ahead to 2025.
"Everything is on the table," Monahan said in a video message posted on PGA Tour's social media channels.
The PGA Tour is wrapping up a year of sweeping changes while still unable to reach an agreement with the Public Investment Fund of Saudi Arabia, though recent signs indicate they are closer than ever.