Jimmy Dunne, the Wall Street deal maker who helped architect the PGA Tour’s controversial deal with the Saudi Arabian Public Investment Fund last summer resigned from the Tour’s Policy Board on Monday.

In a memo sent to players late Tuesday, Tour commissioner Jay Monahan countered Dunne’s claim of stalled negotiations, writing, “With an active, focused and engaged ‘transaction subcommittee,’ we continue to make meaningful progress behind the scenes in our negotiations toward a potential agreement with the PIF.”

T he man who set up the deal between the PGA Tour and the Saudi Arabia's Public Investment Fund -- the financial backers of LIV Golf -- will not be around to potentially see it through. Jimmy Dunne on Monday resigned from his post on the PGA Tour policy board stating that the no longer sees how he can be useful to the body.

Jimmy Dunne, one of the architects behind the PGA Tour's stunning reversal to strike a deal with the Saudi backers of LIV Golf, abruptly resigned Monday from the PGA Tour board with a letter that expressed frustration at

Jimmy Dunne, an investment bank executive with deep connections inside golf, quit noting there has been ‘no meaningful progress’ in talks with LIV Golf’s Saudi backers.

Jimmy Dunne has stepped down from the PGA Tour's policy board, effective immediately on Monday. The investment banker, a key figure in crafting the tour's agreement with Saudi Arabia's Public Investment Fund (PIF),

Less than a week after independent director Jimmy Dunne resigned, effectively immediately, and hours after the PGA Championship was decided, Mark Flaherty, another independent director, resigned from the PGA Tour's policy board Sunday night.

After Jimmy Dunne resigned from the PGA Tour policy board last week, the Tour has suffered another setback as Mark Flaherty, one of the independent directors, also stepped down from the board on Sunda