• Loading stock data...
Saturday, August 9, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

PGA Tour-PIF Negotiations Will Reportedly Miss Dec. 31 Deadline

  • Unresolved monetary issues help prompt sluggish pace to negotiations.
  • FSG brings in group of prominent partners in bid to become PGA Tour investor
John David Mercer-USA TODAY Sports

As the PGA Tour works to complete its landmark deal with Saudi Arabia’s Public Investment Fund and the DP World Tour, the likelihood of those talks extending into 2024 is now growing.

With just six weeks to go before the original Dec. 31 deadline to reach a definitive agreement, the Financial Times reported the deadline is now “increasingly unlikely to be met,” with an extension now the more probable outcome.

Not surprisingly, monetary issues remain at the heart of the dragging pace of the talks, with compensation for PGA Tour players who remained loyal and refused huge LIV Golf deals among the key sticking points. 

PGA Tour commissioner Jay Monahan said in a memo last week that organization leaders “remain focused” on the ongoing talks, and he, too, acknowledged that the pace of progress was “deliberate.”

If completed, the PIF would invest at least $1 billion — and potentially much more — into a new commercial entity called PGA Tour Enterprises, which would oversee the commercial business of the PGA Tour, DP World Tour, and LIV Golf. PGA Tour members will receive equity ownership in that company.

Outside Interest

The PGA Tour, meanwhile, continues to talk to “potential minority investors” that would also come along with the PIF, and that consideration is now reportedly down to five entities.

Perhaps the foremost entity on that short list, Fenway Sports Group, is actually not just the parent organization of the Boston Red Sox, Pittsburgh Penguins, and Liverpool FC. 

FSG is leading a consortium of partners comprised of some of the biggest names in sports, including New York Mets owner Steve Cohen, Boston Celtics owner Wyc Grousbeck, Chicago Cubs owner Tom Ricketts, Atlanta Falcons and Atlanta United owner Arthur Blank, San Francisco Giants co-owner Greg Johnson, Miami Dolphins owner Stephen Ross, former Milwaukee Bucks co-owner Marc Larry, Bruin Capital, and Otro Capital.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 14, 2019; Philadelphia, PA, USA; President Donald Trump wave during the second quarter of the game between the Navy Midshipmen and the Army Black Knights at Lincoln Financial Field

‘Political Gold’: Trump Putting His Stamp on College Sports 

Trump has embraced executive action on hot-button college sports issues.
Chad Ochocinco

Shannon Sharpe, Chad Ochocinco Settle $20 Million Defamation Suit 

It’s the second multimillion-dollar lawsuit Sharpe has settled in recent weeks.

WNBA Struggling to Prevent Repeat Dildo Incidents

The league appears to have no answers to the copycats plaguing games.
Tennessee Volunteers forward Igor Miličić Jr. (7) guards Houston Cougars guard Emanuel Sharp (21) during the second half of a game Sunday, March 30, 2025, during the Elite Eight round of the NCAA March Madness tournament at Lucas Oil Stadium in Indianapolis. Houston defeated Tennessee 69-50.

Sportsbooks Still Hesitant to Dive Into Prediction Markets

Sports betting giants are all monitoring the controversial space.

Featured Today

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty
August 2, 2025

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Las Vegas sign
July 29, 2025

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
DiJonai Carrington
August 7, 2025

This WNBA Trade Deadline Could Be League’s Last Snoozer

A new CBA could give GMs more flexibility.
August 7, 2025

LAFC’s Record Son Deal Brings Global Buzz and Local Pride

Los Angeles has the largest Korean community in the country.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Apr 6, 2025; Miami, Florida, USA; Marc Leishman (center) celebrates with his teammates after winning the final round of the LIV Golf Miami golf tournament at Trump National Doral.
August 7, 2025

Trump Golf Courses Secure 2026 Stops on LIV, PGA

For the fifth consecutive year, LIV golf returns to a Trump course.
August 7, 2025

More Dildo Throwing During WNBA Games Leads to Second Arrest

The 18-year-old threw a dildo that hit another fan and his young niece.
August 7, 2025

Smelling Salts Not Banned in the NFL, but Teams Can’t Hand Them..

Teams are banned from supplying smelling salts to their players.
August 6, 2025

US Open Breaks Prize Money Record, Still Leads All Grand Slams

The total 2025 US Open prize money is $85 million.