PGA Tour Continues Negotiations with Saudi PIF and Strategic Sports Group

Despite missing the deadline for a formal partnership agreement, discussions are ongoing with the aim of reaching final terms in the new year.

The PGA Tour and the Saudi Arabia Public Investment Fund (PIF) missed the deadline for a formal partnership agreement but plan to continue negotiations into the new year.
PGA Tour Commissioner Jay Monahan said the organization has made 'meaningful progress' with another set of potential investors, the Strategic Sports Group (SSG), a consortium of American-based professional sports teams owners.
Negotiations with the PIF have been complicated since the initial framework agreement was announced on June 6, 2023.
The PGA Tour is planning to launch a separate for-profit entity, PGA Tour Enterprises, which will oversee its commercial interests.
The Saudi PIF was expected to inject billions into the new entity, with its governor, Yasir Al-Rumayyan, serving as board chair and LIV Golf falling under the tour’s umbrella.