Tiger Woods says talks between PGA Tour and Saudi Arabia's PIF are ongoing - ESPN

LOS ANGELES — Tiger Woods said he isn't opposed to the Public Investment Fund being an investor in the PGA Tour, and that negotiations with officials from Saudi Arabia's sovereign wealth fund are ongoing.

«Ultimately, we would like to have PIF be a part of our tour and a part of our product,» Woods said Wednesday during a news conference ahead of The Genesis at Riviera Country Club. «Financially, we don't right now, and the monies that they have come to the table with and what we initially had agreed to in the framework agreement, those are all the same numbers.

»Anything beyond this is going to be obviously over and above. We're in a position right now [where] hopefully we can make our product better in the short term and long term."

Beyond that, Woods, a player director on the PGA Tour's policy board, didn't offer many details on a potential deal with the PIF and what the tour's future might look like.

The PGA Tour, the DP World Tour and the PIF signed a framework agreement on June 6 to combine their assets into a new for-profit entity, PGA Tour Enterprises. The framework agreement had a Dec. 31 deadline. A deal wasn't reached and the deadline was extended.

On Jan. 31, the PGA Tour reached a deal with Strategic Sports Group (SSG), a consortium of billionaire sports team owners led by John Henry and Tom Werner of Fenway Sports Group, that might inject as much as $3 billion into PGA Tour Enterprises. The new company was launched the next day.

A potential deal with the PIF might inject another $3 billion or more into PGA Tour Enterprises.

In a memo to players on Feb. 7, the PGA Tour said it would grant more than $1.5 billion in equity in PGA Tour Enterprises to past, current and future members over the next several years.