5 things we learned from the Jay Monahan-Keith Pelley press conference about the PGA Tour-DP World Tour ‘joint venture’

There seems to be a sense of inevitability that men’s professional golf should exist under one umbrella. So, why didn’t the PGA Tour buy all of the DP World Tour today? Monahan stepped up to answer that question.

“I think when you go back to the origin of or the formation of our strategic alliance I think what we’re talking about today really is just a natural extension of that alliance.  We’re on a journey here together as two organizations,” Monahan said. “When you look at the commercial impact, the scheduling impact, all the things that have been delivered in a relatively short period of time by virtue of this alliance, this was the right step at the right time, allows us to respond to the changes that we’re making on the PGA Tour to the better, to the benefit of the DP World Tour, and allows us, as we’re building trust and building our path forward here with both membership organizations to continue to deliver more value.”

Here was a telling comment:

“That day may come in the future,” Monahan said, “but right now this is the day that matters, because by creating an operational joint venture, by adding the cards and by going back to what we just, what I talked about up front, which is creating the strongest possible competitive platform, that’s what the best players in the world want, that’s what I’ve heard loud and clear over the last couple of years and that’s what the best fans in the world want.

“And I think the PGA Tour and DP World Tour coming together in this manner is just the right manner at the right time. But I’ll stress, our work is not done. We’re going to have a lot more exciting news to share in the months ahead as we progress.”