Rory McIlroy’s LIV Golf confirmation, Bryson Dechambeau’s PGA message, PIF statement

By | July 7, 2024

Rory McIlroy’s LIV Golf confirmation, Bryson Dechambeau’s PGA message, PIF statement

The latest news surrounding LIV Golf, with talks of a merger deal between the PGA Tour and the Saudi Arabia Public Investment Fund still ongoing, while many players continue to have their sa

The PGA Tour is currently still in talks with PIF to acquire a merger deal

Over a year ago, news of a potential partnership between the PGA Tour and LIV Golf hit the golfing world in a shock twist.

Talks over this deal are still continuing over 12 months on with the Saudi Arabia Public Investment Fund (PIF) – who bankroll LIV Golf – noting that things are “continuing to progress”. This prospect has caused waves in the golf community, with many athletes chiming in with their take on the situation.

Three active PGA Tour members sit on the subcommittee – Rory McIlroy, Tiger Woods and Adam Scott – alongside PGA Tour commissioner Jay Monahan, chairman Joe Gorder, John Henry and Joe Ogilvie.

The frameworks of a deal were announced previously, but talks are still ongoing to finalise terms as players and fans begin to get restless. The Mirror has looked at the latest on the situation.

Talks progressing among invested parties

PIF and PGA have jointly confirmed in the last month that talks are “continuing to progress”, despite the initial deadline of December 31, 2023 being long gone.

The joint 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.”

Both PGA and PIF have expressed their optimism that a deal will be made on the future of professional golf as it stands – and the money has already begun to change hands.

The PGA Tour received a cash injection of up to $3billion (£2.3bn) from Strategic Sports Group – an initial investment of $1.5bn was collected upfront and a further $1.5bn will head PGA’s way at some point in the future.

While the talks continue on and reported progress is made, the lack of conclusion has irked some of the current committee members.

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