Just over a year after the shock framework agreement announcement that looked set to end the hostilities between the PGA and DP World Tours and the Saudi Arabian Public Investment Fund, the PGA Tour have released a statement providing an update on negotiations.
Though the statement itself is rather vague, that representatives from both parties have had a formal sit down in an attempt to reach a compromise can only be seen as a positive as the desire to see men’s professional golf reunited in some fashion continues to grow.
Exactly who was in attendance from PGA TOUR Enterprises is not yet clear, but a number of the players who sit on the PGA TOUR policy board were in action in Columbus, Ohio so we can safely assume they weren’t present, but the PIF Governor and LIV Golf chief Yasir Al-Rumayyan was present representing the PIF.
The statement in full can be read below.
“As previously stated, our negotiations with the Public Investment Fund (PIF) have accelerated in recent months. Representatives from the PGA TOUR Enterprises Transaction Subcommittee and the PIF have been meeting multiple times weekly to work through potential deal terms and come to a shared vision on the future of professional golf. On Friday evening, an in-person session in New York City included the entire Transaction Subcommittee and PIF Governor Yasir Al-Rumayyan and his team, where more progress was made. We remain committed to these negotiations, which require working through complex considerations to best position golf for global growth. 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.
