PGA Tour Extends Saudi Merger Deadline

Hopes for a Deal Before the Masters in April Amid Complex Negotiations

The PGA Tour is expected to extend the deadline for merger negotiations with the Saudi sovereign wealth fund, with hopes that a deal can be reached before the Masters in April.
The original deadline was set for December 31, but this was seen as ambitious given the complexities and scrutiny of the deal.
The PGA Tour has also been in talks with private equity investors in the US, including Fenway Sports, which is seen as a positive step for harmony in the game.
The Saudi sovereign wealth fund recently demonstrated its financial power by signing world No 3 Jon Rahm to a contract believed to be approximately £450 million.
The PGA Tour's policy board, which includes Tiger Woods, has veto powers that could still scupper any deal.