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3w ago

PGA Tour Rejects $1.5 Billion LIV Golf Investment Amid Stalled Talks

Negotiations to unify professional golf remain at an impasse as the PGA Tour declines conditions for LIV Golf's continued operation and governance roles.

President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)
President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)
Sir Nick Faldo gestures during the trophy presentation ceremony during Day Four of the Betfred British Masters hosted by Sir Nick Faldo at The Belfry on September 01, 2024 in Sutton Coldfield, England.
President Donald Trump, driven by his son Eric Trump, arrives at Trump National Doral during the LIV Golf Miami tournament, Thursday, April 3, 2025, in Miami. (AP Photo/Alex Brandon)

Overview

  • The PGA Tour turned down a $1.5 billion investment offer from Saudi Arabia's Public Investment Fund, citing unacceptable terms related to LIV Golf's operation and governance.
  • LIV Golf CEO Scott O'Neil emphasized that a merger is not essential but could be beneficial for the sport's growth, as the league focuses on global expansion.
  • President Donald Trump reiterated his support for a merger, attending a LIV Golf event at his Doral property and hosting discussions with key stakeholders.
  • LIV Golf continues to face challenges, including low U.S. television ratings and criticism of its financial model and competition format by figures such as Nick Faldo.
  • The PGA Tour asserts its growing strength and independence, with Commissioner Jay Monahan stating that any deal must preserve the tour's core values and momentum.