The PGA Tour reported progress without details from a face-to-face meeting between its negotiating committee and the Public Investment Fund of Saudi Arabia as it tries to work toward a deal.
“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,” the tour said in a statement released Saturday morning.
The meeting in New York on Friday evening involved the “transaction committee” of PGA Tour Enterprises and Yasir Al-Rumayyan, the governor of the Saudi Arabian sovereign wealth fund that pays for rival LIV Golf.
PGA Tour Enterprises is the commercial group that came out of the framework agreement announced a year ago among the PGA Tour, PIF and the European tour.
PGA Tour Enterprises brought on Strategic Sports Group, which invested an initial $1.5 billion earlier this year….
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