The framework agreement between the PGA Tour and the Public Investment Fund of Saudi Arabia reached its one-year anniversary on Thursday, and while tour players continue to express optimism that a deal can be reached, they also seem resigned to the possibility that a resolution might still be quite a way off.
In a letter to the PGA Tour’s directors of the policy board, Dunne said he’s done with his position effective “immediately”, citing a lack of progress on a potential deal with PIF as one of his reasons.
McIlroy cautioned that the current state of affairs, with two entities currently holding very different forms of competition and some players secured by LIV through the late 2020s, will require patience to be worked out.
Multiple sources familiar with the matter told Golf Digest that LIV Golf’s team component is one of many highly contested subjects in a potential deal.
Spieth did not go into any detail about who else would be there or if it was taking place three days from now, though he did say he believes this potential meeting could be beneficial for both parties.
Though the incontrovertible takeaway from the past two years in professional golf is that no one knows anything, at least for certain, we’ve spent much of this week at TPC Sawgrass gathering intel on the status of the deal.
Players will receive equity into PGA Tour Enterprises; these grants, made over time, will be based on playing accomplishments, future participation and tour status.
With less than three months to go before he leaves the DP World Tour, chief executive Keith Pelley [pictured] is talking “unity”. Global unity in professional golf that is.
The PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund have extended their self-imposed deadline on a proposed business agreement to create a new for-profit venture tenatively labelled PGA Tour Enterprises.
Australian Golf Digest
