According to the PGA Tour, Commissioner Jay Monahan and Player Director Adam Scott held a meeting with President Donald Trump on Tuesday, requesting his assistance in facilitating discussions between the tour and Saudi Arabia’s Public Investment Fund.
In a joint announcement titled “Update on Men’s Professional Golf from Monahan, Scott, and Tiger Woods,” they revealed that the PGA Tour is close to finalizing a deal with the Public Investment Fund (PIF). This potential agreement could involve substantial funding for the tour, and may lead to either a merger or collaboration between the PGA and the LIV Golf tour, which is supported by the PIF.
It’s clear golf enthusiasts are excited about the ongoing discussions with the Public Investment Fund, and we’d like to express our appreciation to President Trump for his continued interest and advocacy for golf. We invited him to intervene because it benefits the sport, the nation, and all participating countries. We’re thankful that his guidance has moved us towards a resolution, potentially leading to the reunion of men’s professional golf.
Two years back, I eagerly learned about the PGA’s proposed partnership with the Public Investment Fund (PIF). The plan involved the sovereign wealth fund supporting a profit-driven organization that would own both the Tour and LIV. However, discussions have been prolonged, and the Department of Justice has been scrutinizing this deal.
Originally, Monahan was slated to be the CEO of the new business, while PIF Governor Yasir Al-Rumayyan would chair it. The plan also aimed to unite PGA and LIV, with the possibility that both identities could persist. However, the specifics of the agreement remain uncertain. Yet, the statement implies progress in negotiations involving Trump.
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2025-02-06 22:24