PGA Tour commissioner and Saudi fund governor paired at pro-am event in Scotland

Three weeks after PGA Tour commissioner Jay Monahan met with Saudi Arabia's financial backer of LIV Golf, they will be together again this week in Scotland, this time inside the ropes.

Monahan and Yasir Al-Rumayyan, the governor of the Public Investment Fund that supports the PGA Tour's rival league, are playing together in the Dunhill Links Championship on the European tour. The tournament starts Thursday.

Monahan is paired with Billy Horschel, while Al-Rumayyan is playing with Dean Burmester of South Africa, one of 14 players from LIV Golf in the field.

In the group directly behind them Thursday at Carnoustie will be Rory McIlroy, who will be playing with his father.

Monahan and Al-Rumayyan were involved in meetings in New York on Sept. 11 and 12 as the two sides try to work out a deal in which PIF would become a minority investor in PGA Tour Enterprises and they try to figure out a team concept and bring the sides together.

The PGA Tour has banned players who defected to LIV Golf, which launched in June 2022. The European tour has allowed players to return to certain events provided they take care of sanctions, a combination of suspensions and fines.

Jon Rahm is playing the Dunhill while he appeals his fines. A ruling on that — an independent panel previously ruled in favor of the European tour — is not expected until next year.

Guy Kinnings, the CEO of the European tour, also was part of the New York meetings and will be at the Dunhill Links. Kinnings expressed optimism that discussions were headed in the right direction although he said, "Long way to go. A lot of detail, complicated stuff to be done.”

There had been concern negotiations had stalled with little movement since June. The LIV Golf League ended on Sept. 22, and the PGA Tour’s FedEx Cup playoffs ended at the end of August.

The tournament pairs a professional with an amateur for three rounds at St. Andrews, Carnoustie and Kingsbarns. Al-Rumayyan also played in the Dunhill a year ago. Monahan has occasionally played in the AT&T Pebble Beach under a similar format.

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FILE - LIV Golf CEO Greg Norman, left, applauds Yasir Al-Rumayyan, Governor of Public Investment Fund of Saudi Arabia, at the LIV Golf Invitational-Chicago tournament Sept. 18, 2022, in Sugar Hill, Ill. (AP Photo/Charles Rex Arbogast, File)

FILE - PGA TOUR Commissioner Jay Monahan poses with Scottie Scheffler with the FedExCup Trophy after Scheffler won the final round of the Tour Championship golf tournament Sept. 1, 2024, in Atlanta. (AP Photo/Jason Allen, File)

Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi company's commercial business off the ground.

Toyota's investment will be used to support certification and production of Joby's electric air taxi, the companies said Wednesday, and brings Toyota Motor Corporation’s total investment in Joby to $894 million. After the investment, which will come in two equal tranches later this year and next, Toyota will own about 22% of Joby's outstanding shares.

“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.”

Joby said it recently rolled its third aircraft off the production line and said in August that the fourth of five certifications was in progress.

In addition to the cash investment, Toyota has been spending time and human resources to share its design and manufacturing methods. The Japanese automaker said its engineers are working with Joby's team at its California headquarters.

Last year, the companies signed a long-term agreement for Toyota to supply key powertrain and other components for the production of Joby’s aircraft.

FILE - An electric vertical takeoff and landing (eVTOL) aircraft, flies above the Joby eVTOL aircraft, during a demonstration of eVTOLs Nov. 13, 2023, in New York. (AP Photo/Bebeto Matthews, File)