Monahan says PGA and PIF talks are 'very productive'
PGA Tour commissioner Jay Monahan said that discussions are headed in the right direction towards the potential unification in professional golf with Saudi Arabia's Public Investment Fund.
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PGA Tour commissioner Jay Monahan said that discussions are headed in the right direction towards the potential unification in professional golf with Saudi Arabia's Public Investment Fund.
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The PGA Tour has reported "progress" following a meeting with Saudi Arabia's Public Investment Fund (PIF) as talks over a deal "continue to accelerate".
The PGA Tour reported progress without details from a face-to-face meeting between its negotiating committee and the Public Investment Fund of Saudi Arabia as it tries to work toward a deal.
Representatives of the PGA Tour are meeting in person Friday with Yasir Al-Rumayyan, governor of the Saudi Public Investment Fund, as the two sides try to move closer to finalising their affiliation, Golfweek reported.