Jay Monahan's Net Worth, Wife, Career, And Controversies As PGA Tour Commissioner
Joseph William Jay Monahan IV is the current commissioner of the PGA Tour. He was born on May 7, 1970 in Belmont, Massachusetts. He is an American professional golf administrator.
Monahan's tenure as PGA Tour commissioner has been controversial. This is due to his business dealings with the Saudi Arabia-backed LIV Golf league. LIV Golf is seen as a rival organization to the PGA Tour. The Saudi Arabian Public Investment Fund owns LIV Golf. This fund is accused of sportswashing to divert attention from Saudi controversies.
In February 2022, LIV CEO Greg Norman sent a letter to Monahan. Norman said players wanted to play for both LIV and the PGA Tour.
He wanted the leagues to coexist. Monahan responded that he did not want that. After several LIV events, the U.S. Department of Justice began an investigation into potential PGA Tour monopolization and anticompetitive practices.
Profile
- Net Worth: $40 million
- Name: Jay Monahan
- Full Name: Joseph William Jay Monahan IV
- Gender: Male
- Born: May 7, 1970
- Age: 53 years
- Place of Birth: Belmont, Massachusetts
- Nationality: American
- Wife: Susan Monahan
Jay Monahan Net Worth
Jay Monahan has an estimated net worth of $40 million.
Age
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Monahan is 53 years old as of January 2024. He was born on May 7, 1970 in Belmont, Massachusetts. His zodiac sign is Taurus.
Career
Monahan was immersed in golf as a child. He played Division III golf and hockey at Trinity College in Connecticut. He graduated in 1993 with a history degree. In 1995, he earned a master's in sports management from UMass Amherst. Monahan worked at IMG Worldwide where he helped develop the Deutsche Bank Championship golf tournament.
In 2003, he co-created the charity Golf Fights Cancer. He later worked in sales for Fenway Sports Group in Boston. In 2008, Monahan joined the PGA Tour as executive director of The Players Championship. He was named Senior VP of Business Development in 2010.
In 2013, he became Executive VP and Chief Marketing Officer. Monahan served as Deputy Commissioner and then Chief Operating Officer. When Commissioner Tim Finchem retired in 2016, Monahan took over as commissioner in January 2017.
Jay Monahan Relationship/Wife
Monahan is married to Susan Monahan. They reside in Ponte Vedra Beach, Florida near PGA Tour headquarters.
Children
Monahan and his wife Susan have two daughters together.
Controversies
Monahan has faced criticism from PGA Tour players and 9/11 victims' families. The victims' families believe Saudi Arabia was involved in 9/11.
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They accuse Monahan of doing business with a terrorist regime. Monahan's deal with the Saudi fund brought this criticism. However, Monahan has defended his actions.
He says the PGA Tour has a moral obligation to grow the game worldwide. Monahan argues that partnering with Saudi Arabia can help accomplish this goal. Others counter that Saudi human rights abuses should prevent such business deals. They see it as prioritizing profits over ethics.
Monahan has led the PGA Tour during a contentious time. Ongoing battles with upstart LIV Golf have created divides. His $18 million salary as commissioner is seen as excessive by some. But Monahan has argued his high pay is justified by the Tour's growth.
Revenues have surpassed $2 billion under his tenure. Media rights deals have skyrocketed. Yet critics note sinking TV ratings. They say Monahan has not done enough to expand golf's appeal. His critics feel he focuses too much on elite pros at the expense of growing the game.
Supporters counter that Monahan has boosted player earnings and pensions on his watch. He has struck new sponsorships with companies like FedEx and United Airlines.
And he has added big-money events in Detroit, Minnesota, and Japan. Monahan has said he aims to continue record Tour growth for years to come. But his partnership approach with LIV Golf will shape reactions to his commissionership going forward.
