PGA Tour to hire CEO to run expanding business. Jay Monahan stays on as commissioner

The PGA Tour, flush with a $1.5 billion investment from private equity and still negotiating with the Saudi-backers of LIV Golf as a minority investor, is hiring a CEO for the first time who will work alongside Commissioner Jay Monahan.

Monahan made the announcement to his staff Tuesday morning as part of a year-end message that looked ahead to 2025.

“Everything is on the table,” Monahan said in a video message posted on PGA Tour's social media channels.

The PGA Tour is wrapping up a year of sweeping changes while still unable to reach an agreement with the Public Investment Fund of Saudi Arabia, though recent signs indicate they are closer than ever. Still unknown is to what degree this can unite a sport where its biggest names are competing in opposite leagues.