Tiger Woods will be the lone player on a five-member subcommittee that will be involved in negotiations with the Public Investment Fund, part of a busy day of governance as the PGA Tour tries to strike a deal with the Saudi backers of LIV Golf.
Woods was appointed to the PGA Tour board in August, making him the sixth player-director and the only one whose board term has no limits.
The tour said Woods will be part of the “transaction subcommittee” on the board of PGA Tour Enterprises that will handle day-to-day negotiations as PIF seeks to become a minority investor.
Also on the subcommittee are PGA Tour commissioner Jay Monahan, board chairman Joe Gorder, John W. Henry of Fenway Sports Group and Joe Ogilvie, a former tour player appointed as a director liaison in March.
The subcommittee reports back to the full board.
The framework agreement among the PGA Tour, European tour and PIF was announced June 6, with a deadline to finalize it by the end of 2023. Negotiations continue with little progress.
Woods was among the player-directors who went to the Bahamas on March 18 — Monahan and Henry also attended — to meet with the PIF governor, Yasir Al-Rumayyan.
Woods said at the Masters about that meeting, “I don’t know if we’re closer, but certainly we’re headed in the right direction. That was a very positive meeting, and I think both sides came away from the meeting feeling positive.”
Gorder is the chairman and CEO of Valero, the title sponsor of the Texas Open. He has been appointed the inaugural chairman of the PGA Tour Enterprises board.
The Associated Press contributed to this report.