This is Tiger Woods’ new managerial position at the request of the players

Tiger Woods and Jay Monahan will occupy voting positions at PGA Tour Enterprises, the new for-profit company created by the American tour with the investment backing of Strategic Sports Group and still in talks to include Saudi Public Investment Fund the project.

The PGA Tour itself was in charge of announcing Wednesday the formation of a 13-member board of directors. Enterprises is a division within the American circuit that will be responsible for the business and commercial rights of the PGA Tour and the DP World Tour.

This will allow the circuit to maximize its income, as well as the income of the players. SSG committed up to $3 billion to PGA Tour Enterprises, with an initial investment of $1.5 billion.

The Tour will receive nine seats on the board of directors, while SSG representatives will occupy the other four. Six of the nine tour spots were awarded to player representatives Tiger Woods, Patrick Cantlay, Peter Malnati, Adam Scott, Webb Simpson and Jordan Spieth. Former PGA Tour player Joe Ogilvie has been named ‘liaison director’ and will sit on the tour’s business council and policy council. Monahan, current commissioner of the PGA Tour, and independent director Joe Gorder are stepping in under the tour.

Woods was announced as vice chairman of the board at the request of PGA Tour players, who are looking for new governance methods and transparency following last summer’s surprise framework agreement with the Public Investment Fund. Talks between the PIF and the circuit stalled and the new recruitment of PIF circuit players as well as the SSG deal hurt both parties’ feelings. Monahan is expected to speak next week at The Players Championship in Ponte Vedra, Florida.