PGA Tour commissioner Jay Monahan and Saudi Public Investment (PIF) governor Yasir Al-Rumayyan held a meeting in the Bahamas on Monday to discuss a potential investment deal. The meeting brought together key stakeholders, including Tour player directors headed by Tiger Woods, to explore the PIF's presumed plan to invest in the PGA Tour.

During the meeting, Monahan and Al-Rumayyan announced a framework agreement between the PGA Tour, DP World Tour, and Saudi PIF. This agreement, slated for June 6, 2023, involves the sole funder of LIV Golf, Saudi PIF, investing in a collaboration among the golf tours. The negotiation process took 286 days, during which the PGA Tour also announced a separate $3 billion investment deal with American investors to create PGA Tour Enterprises.

While both parties acknowledged a productive discussion, details about the meeting remain vague. Monahan described it as a constructive session and emphasized the importance of due diligence in selecting potential investors for PGA Tour Enterprises. However, he refrained from disclosing specific details publicly.

Monahan assured Tour players that updates would be provided as discussions progress with the PIF. However, the PGA Tour remains committed to maintaining confidentiality during negotiations and will refrain from further comments to the media at this time.

The meeting can be seen as a positive step in resolving conflicts in professional golf. However, it is evident that further meetings are necessary before any concrete agreements can be reached.

Some players, including Xander Schauffele, had expressed doubts about Monahan's leadership prior to the meeting. Their opinions may remain unchanged after the commissioner's visit to the Bahamas. The outcome of the discussions and the potential investment deal with the PIF will likely play a role in shaping the perception of Monahan's effectiveness as the PGA Tour commissioner.