PGA Tour officials, including 15-time major champion Tiger Woods, are meeting with representatives from Saudi Arabia's Public Investment Fund in New York on Tuesday, sources confirmed to ESPN.
The sides are attempting to come to terms on a deal that would inject more than $1 billion from the PIF into PGA Tour Enterprises, the new for-profit entity launched by the tour and Strategic Sports Group.
The meetings are scheduled to last multiple days, sources told ESPN. PGA Tour Enterprises chairman Joe Gorder and Fenway Sports Group owner John W.
Henry are part of a transactional subcommittee that is negotiating with the Saudis, along with Woods and golfer Adam Scott. The X flight tracking account radaratlas2 noted Tuesday that jets owned by Woods, the Saudi oil and natural gas company Aramco and the PGA Tour arrived in the New York area Monday.