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.

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.