PGA Tour Says 'Progress Was Made' in Latest Talks With PIF

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The Tour's transaction committee met with the Public Investment Fund of Saudi Arabia in New York on Friday as the parties continue to work toward a deal.

DUBLIN, Ohio – The PGA Tour said in a statement Saturday morning that its meeting with representatives of the Public Investment Fund of Saudi Arabia on Friday was a continuation of “accelerated’’ talks “where more progress was made.’’

Last month Tiger Woods, Rory McIlroy and Adam Scott were named to a “transaction committee’’ that is to deal directly with the PIF as part of a plan to get investment in the new PGA Enterprises. “Looking a few years down the line, LIV is going to continue to sort of keep going down its path. But hopefully with maybe more of a collaboration or an understanding between the tours. Maybe there is some cross pollenization there where players can start to play on both. I guess that will all be talked about it in the coming weeks.’’

 

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