Deadline extended in talks between PGA and LIV Golf
Negotiations between the PGA Tour, DP World Tour and Saudi Arabia's Public Investment Fund (PIF) have been extended beyond the original deadline of 31 December.
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Negotiations between the PGA Tour, DP World Tour and Saudi Arabia's Public Investment Fund (PIF) have been extended beyond the original deadline of 31 December.
The PGA Tour was unable to finalize a definitive partnership agreement with Saudi Arabia's Public Investment Fund ahead of a Dec. 31 deadline but wants to extend negotiations into 2024 given "active and productive conversations", according to a memo seen by Reuters.
The PGA Tour is working to extend its negotiations with Saudi Arabia's Public Investment Fund to form a new for-profit entity, tour commissioner Jay Monahan told golfers in a memo Sunday.
The PGA Tour has notified Jon Rahm he has been suspended for signing with Saudi-funded LIV Golf, a formality that is more about the benefits to the players Rahm leaves behind.
Masters champion Jon Rahm has become LIV Golf’s most significant signing since it launched just 18 months ago.
Jordan Spieth dispelled the notion he is part of an alliance with Tiger Woods and Patrick Cantlay on the PGA Tour board as the deadline nears for the tour to finalize its framework agreement with the Saudi backers of LIV Golf, who have lured away Masters champion Jon Rahm.
In a deal that could have a far-reaching impact on the future landscape of men's professional golf and inject even more uncertainty into an already-fractured sport, Masters champion Jon Rahm has agreed to leave the PGA Tour for the Saudi Arabian-financed LIV Golf League, sources confirmed to ESPN on Thursday.
The PGA Tour Policy Board sent out a two-page memo to the Tour's members late Friday night encouraging unity and a willingness to negotiate with potential investors amid a flurry of rumours that suggest that LIV Golf is looking to add to its player pool.