hosted the meeting with the head of the Public Investment Fund of Saudi Arabia at his residence in the Bahamas on Monday that was a viewed as a “meet and greet and learn” session to potential future investment in PGA Tour Enterprises.
Tiger Woods hosted Monday's meeting between PGA Tour player directors and Yasir Al-Rumayyan of the Saudi Arabia Public Investment Fund. Woods and Al-Rumayyan played golf on the Albany course near Nassau where Woods hosts the annual Hero World Challenge. According to Simpson, the meeting did not involve “in the weeds” negotiating but more of a big picture of the PIF’s intentions. The sovereign wealth fund is invested in hundreds of companies around the world with a worth in excess of $700 billion. It has invested heavily in sports, including the Premier League, tennis, Formula One racing and golf.
“Obviously he is not a regular guy,” Malnati said. “He chairs 140-something boards. But to talk to him, it was like talking to another human being. I enjoyed and appreciated that. We were definitely talking to a golf nut.” Monahan and Al-Rumayyan shockingly appeared together last June on CNBC to announce what had been a secretly negotiated agreement that laid out a path for the PGA Tour, DP World Tour and Public Investment Fund to come together.there have been no details to emerge on where the sides stand on various issues and what would be required to bring it all together.