• Loading stock data...
Saturday, May 31, 2025

PGA Tour Expects To Add Another Investor To Pair With Saudi PIF

  • PGA Tour commissioner still expects to reach a deal with Saudi Arabia’s Public Investment Fund.
  • An additional investor will likely accompany the new agreement.
John David Mercer-USA TODAY Sports

Nearly six tumultuous months after the PGA Tour announced a framework agreement with Saudi Arabia’s Public Investment Fund to reshape professional golf, it appears the controversial sovereign wealth fund still has a solid future in the sport.

Following months of uncertainty over the deal with the financial backers of LIV Golf, PGA Tour commissioner Jay Monahan pointed to a probable scenario that includes the PIF and at least one other outside investor partnering with the PGA Tour.

“When this gets finalized, the PGA Tour is going to be in a position that I talked about earlier, where again, the athletes are owners in their sport, and you’ve got not only the PIF, but you’ve likely got another co-investor, with significant experience in business, in sport and brand,” Monahan said at the The New York Times’ annual DealBook Summit.

The list of additional investors being considered had reportedly been narrowed down to five. But according to a new report, one of those five groups has dropped out: the Friends of Golf Group, a collection of financial titans and Wall Street veterans with a shared love of golf.

Monahan is planning to meet in person with PIF governor Yasir Al-Rumayyan next week to expedite negotiations on a definitive agreement. “The [Dec. 31] deadline for our conversations with PIF … is a firm target,” he said.

Clock Ticking

The update from Monahan is crucial, as PGA Tour members and golf fans alike have been mostly in the dark regarding the PGA Tour’s negotiations with the PIF.

Multiple reports have suggested a final deal won’t be completed by the Dec. 31 deadline, while others have suggested that the additional potential investors could ultimately replace PIF’s involvement altogether.

Earlier this week, Tiger Woods spoke in depth about the PGA Tour-PIF negotiations, making it clear that other options are being considered. The 15-time major champion echoed a desire to hit the Dec. 31 deadline, but also acknowledged that it could be pushed back.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

MSG Tickets for Potential Pacers-Knicks Game 7 Start at $1,100

The current get-in price for a potential Game 7 is $1,099.

French Open Scheduling Sparks Backlash Over Women’s Time Slots

Coco Gauff has also said the French Open schedule could be improved.

Chiefs, Royals Stadium Plans Hit Political Wall As Both Parties Say No

Both Republicans and Democrats in Missouri oppose public funding for stadiums.

Panthers-Oilers Rematch Could Be Big in Canada. Will U.S. Ratings Dip?

Likely viewership declines in the U.S. are countered by robust Canadian audiences.

Featured Today

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
May 25, 2025

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
Oct 26, 2024; Los Angeles, California, USA; Los Angeles Dodgers designated hitter Shohei Ohtani (17) injures left shoulder whilte attempt to steal second base in the seventh inning against the New York Yankees during game two of the 2024 MLB World Series at Dodger Stadium.

Yankees-Dodgers Clash Draws TV Spotlight, Sky-High Prices

The teams’ lone regular-season series features three nationally aired games.
May 29, 2025

Panthers Clinch Stanley Cup Final Appearance, Stir Up Dynasty Talk

The Panthers clinched a third-straight trip to the Stanley Cup Final.
Sha'Carri Richardson
May 29, 2025

Sha’Carri Richardson Enters Track Start-Up Fray With Alexis Ohanian

Richardson headlines a group of “advisor owners” with equity in the league.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
May 29, 2025

NCAA Exploring March Madness Expansion to 76 Teams in 2026

NCAA president Charlie Baker said March Madness discussions are ongoing.
Softball
May 29, 2025

MLB Makes Eight-Figure Investment in New Softball League 

Athletes Unlimited and Major League Baseball announced the deal Thursday morning.
May 25, 2025; MONACO; McLaren's Lando Norris celebrates with a trophy on the podium after winning the Monaco Grand Prix alongside third placed McLaren's Oscar Piastri and McLaren chief executive Zak Brown at Circuit de Monaco.
May 28, 2025

F1’s Monaco GP Draws Third-Largest U.S. Audience Amid Track Criticisms

F1 will race in Monaco until at least 2031.
May 28, 2025

Big 12 Men’s Coaches in Favor of Expanding March Madness

Kansas coach Bill Self said the conference supports the idea.