Aug 2, 2023 - Economy & Business

Tiger Woods joins PGA board, as LIV Golf deal hangs in balance

Tiger Woods with a golf ball and tee.

Photo by Andrew Redington/Getty Images.

The PGA Tour, which recently agreed to merge with Saudi Arabia-based LIV Golf, said that it's adding Tiger Woods to its policy board.

Why it matters: This would give golfers an equal say on the board, and thus an equal say on the LIV deal's fate.

Backstory: The tour's leadership, including commissioner Jay Monahan, is under scrutiny from players after secretly negotiating with the Saudis.

  • In addition to Woods' appointment, PGA leadership agreed not to make any more decisions about the tour's future without player consent.

What to watch for: Whether the players attempt to initiate compensation for members who did not defect the tour to join LIV for lucrative payouts.

[Update: This story has been updated to clarify that while golfers currently outnumber independent directors six to five, the PGA is in the process of selecting a sixth independent board member. Golfers would then have an equal say on the fate of the LIV deal.]

Go deeper