By PGA Tour commissioner Jay Monahan remains hopeful about ongoing negotiations with the Saudi Public Investment Fund (PIF), but has emphasized that no deadline has been set for reaching an agreement. The PGA Tour, DP World Tour, and PIF, the financial backer of the rival LIV Golf League, signed a framework agreement in June 2023 with the intention to merge the tours and secure over $1 billion in Saudi investment for the sport.
Eight months after the initial December 31 deadline, negotiations are still ongoing, with Monahan noting that progress has been made but declining to set a specific timeline for completion. He stressed that the discussions are focused on achieving the best possible outcome, prioritizing the future vision of the sport and the integration of financial backing and sponsorship commitments.
Monahan highlighted the enhanced dialogue and collaboration between the tours and PIF, stating that these productive conversations increase the likelihood of positive outcomes. He reaffirmed his commitment to creating the best fan experience and embracing changes that will grow the game of golf, including re-imagining the sport’s schedule and bringing together the world’s best players.
While Monahan acknowledges the complexity of the discussions, he believes the current negotiations are timely and necessary for the future of the PGA Tour and the sport overall. The ongoing talks reflect a shared aspiration to unite the best players in the world and strengthen the global golf landscape.
