HomeGolfPGA Tour reports progress with Saudi PIF, offers no details

PGA Tour reports progress with Saudi PIF, offers no details

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….

Read the Full News at www.espn.com.au
Get Your Daily Kick of Golf Highlights at SportyJones.com

Neuro Admin
Neuro Adminhttps://sportyjones.com/
I'm Adam Smith, your go-to sports aficionado from the land down under. My heart beats for cricket, rugby, and Aussie Rules footy. With over a decade in sports writing, I bring you the inside scoop on all things sports at SportyJones.com. Let's dive into the action!
- Advertisment -

Most Popular