Tiger Woods and other PGA Tour leaders are meeting with LIV Golf’s Saudi backers in New York on Wednesday, according to reports.
Both sides of golf’s bitter divide are hoping to finally thrash out a deal having announced a shock merger in June 2023.
According to ESPN, the talks are set to last ‘multiple days’.
A X flight tracking account radaratlas2 discovered that private jets owned by Woods, Saudi oil and gas firm Aramco and the PFA Tour all landed in New York on Monday.
PGA Tour Enterprises’ entire Transaction Subcommittee, a group that includes 15-time major champion Woods, held talks with Public Investment Fund (PIF) Governor Yasir Al-Rumayyan as recently as June.
Tiger Woods and other PGA Tour leaders are meeting with LIV Golf’s Saudi backers in New York
The talks are thought to focus on sealing a deal for $1billion to be put into PGA Tour Enterprises by the PIF.
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. Negotiations are ongoing to bring in PIF as a minority investor, and there has been more activity than previously believed.
PGA Tour commissioner Jay Monahan said last month that a deal with the PIF remains a priority, though he said there was no deadline.
‘I don’t think we want to restrict ourselves in that way,’ Monahan said at the season-ending Tour Championship. ‘We want to achieve the best and right outcome at the right time.’
More to follow.
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