Another independent director resigns. All the members of the tour board are at the helm

On May 22, Beijing time, the number of independent directors in the Council of the US Tour has dropped to three.

Friday is a good time to release the news, followed by Monday morning after the Grand Slam. The news of Mark Flaherty's resignation was released on such a day.

This is the second week in a row that a director has resigned. Last week, Jimmy Dunne informed the Council through a letter that he would resign with immediate effect.

Jimmy Dunn arranged a meeting between Jay Monahan, president of the US Tour, and Yasir Al Rumayyan, director of Saudi Arabia's public investment fund. He said the commercial agreement between the two sides had not made progress at all. Jimmy Dunn said that his role is now redundant.

At the same time, the Dealbook column of the New York Times reported on Tuesday that the negotiations between the US Tour and public investment funds had made progress, and the two sides had recently exchanged term sheets.

Mark Flaherty, a former member of the board of directors of Wellington Management and Goldman Sachs, said in his letter that he was honored to serve on the board of directors. As a result of his departure, there are only three independent directors left on the Board of Directors of the US Tour: Edward Herlihy, Joe Gordon and Mary Meeker. In contrast, there are 6 player directors in total.

Joe Gold is the chairman and CEO of Valero Energy and the chairman of the American Tour Group. This profitable commercial enterprise has been invested by a few investors, Strategic Sports Group. In the board of directors of the American Tour Group, four directors are related to the Strategic Sports Group, plus Jay Monahan, the CEO. The 13 member board also has 6 players and player contact Joe Ogilvie.

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