Report :Tour-PIF dealmaker resigns, citing ‘no meaningful progress with record breaking below ⬇️

Report :Tour-PIF dealmaker resigns, citing ‘no meaningful progress with record breaking below ⬇️

On May 12, 2023, Jimmy Dunne was in Venice, Italy, meeting with Yasir Al-Rumayyan, governor of the Saudi Public Investment Fund, among others. Jay Monahan was there, too, looking to establish an agreement between the PIF and the PGA Tour to reunify the sport. Exactly one year and one day later — on May 13, 2024 — Dunne issued his resignation from the PGA Tour Policy Board, due to a lack of progress with that agreement. 

Dunne’s resignation arrived Monday at 5 p.m. Eastern time in the form of a 361-word letter to his fellow board directors, which was obtained by and first reported by Sports Illustrated. Ultimately, two words stood out above the others: utterly superfluous. That’s how Dunne described his role and the weight of his vote less than 12 months after reaching a Framework Agreement with the PIF and the DP World Tour.

“Since the players now outnumber the Independent Directors on the Board, and no meaningful progress has been made towards a transaction with the PIF, I feel like my vote and my role is utterly superfluous,” Dunne wrote. 

“It is crucial for the Board to avoid letting yesterday’s differences interfere with today’s decisions, especially when they influence future opportunities for the Tour. Unifying professional golf is paramount to restoring fan interest and repairing wounds left from a fractured game. I have tried my best to move all minds in that direction.”

Dunne’s work a year ago — in Venice, London, San Francisco and New York — led to the surprise June 6 news that the Tour and PIF intended to merge commercial business interests via a Framework Agreement. The first month of meetings between parties was done almost entirely in secret. The rollout of the stunning announcement was disjointed and haphazard. Commissioner Monahan regrets how he handled it. But Dunne was out front, conducting interviews with Sports Illustrated and ESPN and Golf Channel, arguing that it was past time for the sport to reunite its top players.

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