‘Serious concerns’ at the PGA TourJust days before Tuesday’s PGA Tour hearing before the Senate Permanent Subcommittee on Investigations, a prominent tour board member, Randall Stephenson, has resigned.
His reason?
He said he cannot support the golf organization’s proposed tie-up involving LIV Golf, its Saudi -backed rival, DealBook’s Lauren Hirsch and The Times’s Alan Blinder report.
In a scathing resignation letter obtained by DealBook, Mr. Stephenson, the former AT&T chair, said that he — like most of the board — was left out of the loop as the tour negotiated a deal with Saudi Arabia’s sovereign wealth fund that jolted the sports world.
(In fact, he had already lately taken to attending most board meetings via videoconference, save for last month’s meeting in Michigan.)
Persons:
Randall Stephenson, LIV Golf, DealBook’s Lauren Hirsch, Alan Blinder, DealBook, Stephenson, —, Mr, Jamal Khashoggi, ” Mr
Organizations:
Investigations, AT
Locations:
Saudi, Michigan