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Brian Rolapp, a potential successor to Roger Goodell, leaving NFL to become PGA Tour CEO

Brian Rolapp, a potential successor to Roger Goodell, leaving NFL to become PGA Tour CEO

Yahoo12-06-2025
Brian Rolapp is jumping over to the PGA Tour.
Rolapp is leaving his position as an NFL executive vice president to become the next PGA Tour CEO, according to ESPN's Adam Schefter and Seth Wickersham. Rolapp is expected to lead the Tour.
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Rolapp has been with the NFL for 22 years, and was widely believed to be a potential successor to commissioner Roger Goodell whenever he leaves his post.
Goodell sent a memo to all team executives and presidents to notify them of Rolapp's departure on Thursday. The Tour has not confirmed the news, which came in the middle of the opening round of the U.S. Open. That major championship is run by the United States Golf Association and is separate from the PGA Tour.
PGA Tour commissioner Jay Monahan has held his post as the Tour's commissioner since 2017, when he replaced longtime commissioner Tim Finchem. Monahan is just the fourth commissioner in the Tour's history. He stepped away briefly from his post in 2023 due to an undisclosed health issue, which came just a week after his announcement that the Tour was entering negotiations to join forces with LIV Golf — something that drew an immense amount of criticism from both inside the Tour and out.
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Monahan and the Tour are still in negotiations with LIV Golf, which came after years of turmoil in the sport and Monahan's strong condemnation of the Saudi Arabian-backed league. It's unclear if such a deal will get done, however, as the two sides are well past their self-imposed deadline.
The Tour announced last year that it would begin looking for a new CEO to work alongside Monahan, and that the job would be tasked with growing the commercial side of the business. The CEO role will report directly to both the PGA Tour's Policy Board and the Board of Directors for PGA Tour Enterprises, which is the new for-profit arm the Tour has launched in an effort to compete with LIV Golf. PGA Tour Enterprises received an initial investment of $1.5 billion from the Strategic Sports Group to get off the ground.
'This is a signal that we're on the right track,' Tour chief marketing and communications officer Andy Weitz said in December of the new CEO position, via the Golf Channel. 'This is another example of making sure we have the right people in the right roles. To come together and really create some exciting experiences for fans in 2025 and beyond.'
While Rolapp's role will include the PGA Tour Enterprises side of things, it is not expected to be limited to the for-profit entity.
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Vesttoo Creditors File Landmark Lawsuit Against Aon and China Construction Bank for Fraudulent Conduct Leading to Vesttoo's Collapse and Billions in Insurance Industry Claims
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NEW YORK--(BUSINESS WIRE)--The Vesttoo Creditors Liquidating Trust (the 'Trust'), an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of Delaware (the 'Court'), today filed a complaint (the 'Complaint') in the Court against Aon plc and certain affiliates (collectively, 'Aon'), China Construction Bank and an affiliate (collectively, 'CCB'), and certain entities and individuals for alleged fraudulent conduct and other wrongdoing that inflicted devastating losses upon the insurance industry and led to Vesttoo's (the 'Company') bankruptcy. 'Vesttoo's collapse was the direct result of Aon and CCB's fraudulent conduct,' said Lawrence Hirsh, Liquidating Trustee. 'Aon knew there were serious flaws in its CPI product, yet continued to falsely market it as the gold standard in intellectual property valuation. Aon also steered its riskiest transactions to Vesttoo while ignoring glaring red flags regarding Vesttoo's collateral providers, reaping tens of millions in fees while enabling a scheme that destabilized the global insurance market. Absent Aon's false representations about its CPI product, Aon's failure to satisfy its due diligence obligations to Vesttoo and its counterparties, and CCB's facilitation of billions in forged letters of credit, Vesttoo's business would not have relied on the misvalued deals and forged collateral that led to its demise.' 'As an independent fiduciary appointed by the Court, the Trust is seeking to hold Aon, CCB, and CCB-enabled co-conspirators accountable for the manipulation of and fraud against Vesttoo,' continued Hirsh. 'This litigation represents an initial step toward justice for insurers and reinsurers who were victimized by Aon's and CCB's actions.' 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(paragraph 4) 'At the very same time that Aon was touting its valuation capabilities in the marketplace, its employees were sounding alarms internally regarding the creation of 'potentially catastrophic' liability for Aon and 'persistent and significant cultural issue[s] … deeply embedded within the valuation team,' including 'insane' conflicts of interest, that made it 'amazing [Aon] [was] able to get a single transaction done.'' (paragraph 5) '... [Aon and White Rock] were incentivized to provide sky-high valuations of the underlying IP, which valuations could both increase the size of the underlying loan (and thus the size of the CPI policy and associated premium) and help ensure that the transaction closed by lowering the perceived risk of loss for other transaction parties.' (paragraph 69) '... 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As Aon looked to 'make IP lending massive,' it recognized internally that 'Vesttoo is an important market to [Aon] for IP deals,' because Vesttoo was 'the only market interested' in Aon's riskiest deals for which it was 'unlikely that the more traditional shops will have much of an appetite.'' (paragraph 10) '... When Aon became aware of significant red flags concerning the LOC capacity from Vesttoo's investors, Aon not only looked the other way, but also concealed its concerns from counterparties to convince them to participate in Vesttoo-backed CPI deals.' (paragraph 10) '... When Vesttoo inexplicably was unable to provide a proof of funds statement from the bank (Santander) that supposedly was issuing a $50 million LOC for a CPI transaction, Aon did not investigate why Vesttoo's investor was unable to obtain such routine documentation. 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(paragraph 12) 'Lam also used the authority CCB conferred upon him as a CCB employee to lend legitimacy to the scheme and deceive Vesttoo's employees. On at least two occasions—once in January 2023 and again in May 2023—Vesttoo employees attended in-person meetings with Lam at CCB's offices in Hong Kong as part of Lam's efforts—in concert with his co-conspirators Ginati, Wang/Fu, and Wai—to deceive Vesttoo. Lam communicated with his co-conspirators and with Vesttoo using his CCB email address.' (paragraph 97) '... CCB's U.S.-facing LOCs outstanding jumped from $80 million on December 31, 2021, to $1.28 billion on December 31, 2022, a year-over-year increase of over 1,500%. As a result, CCB entered AM Best's top-fifteen list of reinsurance LOC issuers in the United States in the 2022 year.' (paragraph 102) Aon's CPI Fraud Triggered Vesttoo's Collapse and Wreaked Havoc on the Insurance Industry 'Aon's CPI product wreaked havoc on Vesttoo and the reinsurance industry. 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When CPI deal after CPI deal collapsed in mid-2023, Vesttoo's investors lacked valid LOCs to satisfy the claims and Vesttoo collapsed along with those deals. Aon walked away with its profits—leaving the insurers Aon convinced to work with Vesttoo holding the bag.' (paragraph 22) Advisors Selendy Gay PLLC and Richards, Layton & Finger, PA are serving as litigation counsel and C Street Advisory Group is serving as strategic communications advisor to the Vesttoo Creditors Liquidating Trust. Vesttoo Creditors Liquidating Trust was established as an independent fiduciary under the oversight of the U.S. Bankruptcy Court to pursue recovery claims on behalf of creditors harmed by Vesttoo's collapse. The Trust's mission is to maximize creditor recoveries and to hold accountable all parties responsible for the losses.

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