Particle.news
Download on the App Store
7 ARTICLES
·
4w ago

PGA Tour Rejects $1.5 Billion LIV Golf Deal, Stalling Merger Talks

Negotiations between the PGA Tour and Saudi Arabia's PIF remain deadlocked over demands to retain LIV Golf, with no resolution expected soon.

Golf - The Masters - Augusta National Golf Club, Augusta, Georgia, U.S. - April 8, 2025 Spain's Jon Rahm hits his tee shot on the 12th hole during a practice round REUTERS/Mike Segar
AUGUSTA, GEORGIA - APRIL 08: Jon Rahm of Spain plays his shot from the 12th tee during a practice round prior to the 2025 Masters Tournament at Augusta National Golf Club on April 08, 2025 in Augusta, Georgia.
Spain's Jon Rahm of Spain looks on during a practice round prior to the 2025 Masters at Augusta National

Overview

  • The PGA Tour has rejected a $1.5 billion investment offer from Saudi Arabia's Public Investment Fund (PIF) due to conditions requiring the continuation of the LIV Golf League.
  • The impasse highlights a fundamental disagreement: the PGA Tour seeks a unified circuit, while the PIF insists on a dual-tour structure.
  • Jon Rahm, a LIV Golf player, stated that a resolution to the merger is unlikely in the near future, emphasizing the focus on current major tournaments like the Masters.
  • Rahm underscored the enduring significance of traditional majors, stating events like the Masters do not need changes to maintain their prestige.
  • Merger negotiations, initiated in June 2023, have faced repeated delays, with extended deadlines failing to produce a definitive agreement.