A Financial Times report says that LIV Golf needs $US600 million to make it through to the end of its 2026 schedule, while the PIF has delivered only just short of $US200 million.
Sports Business Journal reported that LIV Golf cited a ‘strategic decision’ for the reason that it stopped “Any Shot, Any Time” as it continues to plan for a future without the help of Saudi Arabia’s Public Investment Fund.
Yasir Al-Rumayyan, the chairman of Saudi Arabia’s Public Investment Fund and the architect of LIV Golf, is stepping down from his position as chairman of the LIV board, according to a report from the Sports Business Journal.
McIlroy has the attention of some of the most powerful people in the world, and he’s not afraid to offer an opinion or listen intently when the time is right.
Monahan spoke days after the tour announced that he (along with player representative Adam Scott) met with US president Donald Trump regarding negotiations between the tour and Saudi Arabia’s Public Investment Fund.
The news came as part of a statement the tour released in which it confirmed that commissioner Jay Monahan and PGA Tour pro Adam Scott met with Trump on Tuesday.
“Some PGA Tour players” reportedly want LIV players to pay back the huge sums given to them by LIV Golf before being granted a return to their former employer.
Rory McIlroy says fans shouldn’t read too much into his upcoming made-for-TV match with Scottie Scheffler and LIV Golfers Brooks Koepka and Bryson DeChambeau.
Given that the PGA Tour and the PIF had set a December 31, 2023, deadline to try to finalise a deal, the slow pace of the discussions has not only fans wondering what’s taking so long, but some players, too.
Meeting with members of the media for the first time since the Players Championship in March, PGA Tour commissioner Jay Monahan provided an update overnight (Australian time) on the ongoing negotiations with LIV Golf and the Public Investment Fund of Saudi Arabia. And, essentially, there isn’t an update.
With no further updates on negotiations between the PGA Tour and Saudi Arabia’s Public Investment Fund, the tour released its 2025 schedule of FedEx Cup regular-season and playoff events overnight (Australian time) with only a few minor changes to its line-up of 39 tournaments.
The PGA Tour commissioner continued to assert progress is being made in discussions with Saudi Arabia’s Public Investment towards unification in professional golf, but stressed negotiations remain complex regarding an ultimate deal.
Australian Golf Digest
