In a resignation letter obtained by Sports Illustrated, Dunne said there has been 'no meaningful progress' toward a deal with LIV Golf's backer that would unify pro golf.
Jimmy Dunne, one of the architects of the PGA Tour’s framework agreement with Saudi Arabia’s Public Investment Fund, resigned from the Tour’s policy board Monday, effective immediately. In a letter to the board that was obtained byDunne wrote that “no meaningful progress has been made towards a transaction with PIF,” and that ever since players seized control of the board and cut him out of negotiations, “my vote and my role is utterly superfluous.”.
Tellingly, Dunne said his role is superfluous now that “players now outnumber the Independent Directors on the board.”. Last fall, Rory McIlroy, who has expressed frustration with the slow pace of negotiations, resigned from the board. He was replaced by Jordan Spieth., with Cantlay as the leader. Cantlay told Golf.com it would be “impossible” for one player to have that much power.
Now Dunne is out. Of the seven members of the transaction subcommittee, only Monahan and McIlroy had official roles last June, and only Monahan participated in framework agreement negotiations. When I arrived on the Board in January 2023, everybody involved with the game was concerned about the fundamental threat of LIV Golf. They were successfully luring away some of our top players, including several major champions. It was clear that the fracture would greatly damage our game and the Tour. On top of that, the Tour was engaged in burdensome litigation that was expensive, unwelcome, and uncertain.
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