PGA Tour provide LIV Golf merger update after Tiger Woods and Rory McIlroy meet Saudi chiefs
The PGA Tour met with the Public Investment Fund of Saudi Arabia (PIF) in New York City on Friday, with Tiger Woods and Rory McIlroy involved in the discussions
Rory McIlroy and Tiger Woods were involved in talks
The PGA Tour has revealed that negotiations with the Public Investment Fund of Saudi Arabia (PIF) are continuing to ‘accelerate’ after the two sides met in New York City on Friday.
Last June the PGA Tour shocked the sport, after announcing they had reached a framework agreement with PIF in a bid to end their ongoing dispute with LIV Golf. One year on from the surprise announcement, the peace agreement is still yet to be completed with talks ongoing.
These negotiations continued on Friday, with representatives from both sides meeting in New York. On Saturday, the American-based circuit provided an update on proceedings in a press release to reporters.
“As previously stated, our negotiations with the Public Investment Fund (PIF) have accelerated in recent months,” the statement read. “Representatives from the PGA Tour Enterprises Transaction Subcommittee and the PIF have been meeting multiple times weekly to work through potential deal terms and come to a shared vision on the future of professional golf.
“On Friday evening, an in-person session in New York City included the entire Transaction Subcommittee and PIF Governor Yasir Al-Rumayyan and his team, where more progress was made. We remain committed to these negotiations, which require working through complex considerations to best position golf for global growth.
“We want to get this right, and we are approaching discussions with careful consideration for our players, our fans, our partners and the game’s future.” One man who played his role in the meeting was 82-time PGA Tour winner Tiger Woods, who is currently acting as one of the circuit’s player directors.