Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Le Pen vows to appeal political ban, calls verdict a 'denial of democracy'    Death toll from Myanmar earthquake rises to 2,719 as rescue efforts continue    Russia, Ukraine trade blame over new energy strikes    Putin orders Russia's largest military call-up in over a decade    Albania hosts MWL chief for Eid sermon at largest mosque in the Balkans    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Finchem steps down, Monahan named new PGA Tour commissioner
Published in The Saudi Gazette on 09 - 11 - 2016

Tim Finchem officially retires at the end of the year as PGA Tour commissioner, ending more than two decades during which he expanded the tour's footprint around the world and saw prize money grow to nearly $300 million.
The PGA Tour's board of directors accepted Finchem's resignation Monday and unanimously approved Jay Monahan as his replacement.
Monahan, who has served as Finchem's deputy commissioner since April 2014, becomes the fourth commissioner on Jan. 1.
"I have the highest regard for Jay and have total confidence in his ability to lead the PGA Tour well into the future," Finchem said.
"He has been a key member of the executive team since joining the tour and has worked closely with me on all business matters since becoming deputy commissioner. Jay is well respected throughout the PGA Tour family and the golf industry. I know he will do a tremendous job for the players and all constituents of the PGA Tour."
Neither development was a surprise. Monday was the final quarterly meeting of the board this year, and Finchem had indicated he would not seek another extension.
Monahan, 46, was executive vice president at Fenway Sports Group when he joined the PGA Tour in 2008, first as executive director of The Players Championship, and quickly moving his way through other business functions, including the key role of chief marketing officer.
He was appointed chief operating officer earlier this year.
"I've worked with him closely now for a good period of time, and he's absolutely the right guy," Finchem said at the Tour Championship in September.
"He doesn't have a negative moment in his day. He is a total glass-is-half-full individual, and I think you'll see that as we go forward."
Finchem also was a deputy commissioner under Deane Beman when he was appointed in 1994, and he leaves behind a legacy of growth and new programs.
Total prize money in 1994 was $52.4 million for 40 official tournaments. As the 69-year-old Finchem retires, he leaves a fully sponsored schedule of 43 tournaments with prize money this season at just under $300 million. That doesn't include the four majors.
Finchem used the arrival of Tiger Woods to negotiate massive television deals that drove prize money, and his finest work might have been the last one.
He steered the tour through a severe economic downturn in 2009, keeping it fully sponsored with prize money slightly increasing.
And with Woods on the sidelines coping with injuries and a scandal in his personal life, the tour negotiated a nine-year television contract through 2021.
"Under Tim's leadership, the PGA Tour has made remarkable progress, even in the most difficult economic times," Monahan said.
"We are now entering a very important time in our organization's history, and I know our executive team and I will draw upon and be inspired by the invaluable experience of working with Tim as we take advantage of the extraordinary opportunities, as well as face the challenges, that are ahead for the tour."
The first big challenge is likely to be the next television contract. Finchem and Monahan already have been meeting this summer with media executive to prepare for the next negotiations and figure out where advancements in media fit into the future.
Finchem also used the arrival of Woods to launch The First Tee, an education program geared around golf.
The Presidents Cup began in his first year as commissioner, and he was behind the World Golf Championships that began in 1999 and have been played in America, Spain, Ireland, England, Australia and China. Another one is schedule for Mexico City next March.
Finchem also tried to provide structure to the sprawling golf season with the FedEx Cup, which pays $35 million in bonus money to the players and $10 million to the winner.
He also emphasized the Web.com Tour as the pathway to the PGA Tour. That also led the tour to create satellite circuits in China, Canada and Latin America.
Monahan comes from a rich New England golf heritage, playing at Trinity College in Hartford, Connecticut.
He previously worked at EMC Corp. in branding and global sponsorships, then spent three years at IMG where he ran the Deutsche Bank Championship until leaving for Fenway Sports Management, and then the tour.
"Jay has proven himself to be an outstanding leader who has developed an intimate knowledge and understanding of the PGA Tour and a clear vision for the future of the organization," board chairman Victor Ganzi said. — AP


Clic here to read the story from its source.