MIAMI – PGA Tour commissioner Jay Monahan said he had a “constructive” conversation on March 18 with Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, about an investment in PGA Tour Enterprises.

The talks, which included players who are also on the PGA’s board of directors, represent “an important part of our due diligence process in selecting potential investors for PGA Tour Enterprises”, Monahan said in a memo to players reviewed by Bloomberg News.