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4w ago

PGA Tour Rejects $1.5 Billion PIF Offer as LIV Golf Struggles Persist

Negotiations between the PGA Tour and LIV Golf remain stalled, with disagreements over LIV's future and governance roles halting progress.

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 declined a $1.5 billion investment proposal from Saudi Arabia's Public Investment Fund (PIF), citing conditions for LIV Golf's continued operation and governance roles as unacceptable.
  • LIV Golf faces ongoing challenges, including low U.S. TV ratings, sponsorship difficulties, and a lack of major new player signings since 2024.
  • PGA Tour Commissioner Jay Monahan emphasized the Tour's growing strength and its unwillingness to compromise its platform or brand to accommodate LIV Golf's demands.
  • Donald Trump, who has mediated discussions between the two tours, expressed optimism about a potential merger but acknowledged the current impasse.
  • The Masters tournament begins next week, featuring 12 LIV Golf players competing alongside PGA Tour professionals, providing a rare moment of direct competition.