• Loading stock data...
Sunday, February 25, 2024
Rates for the 2024 Best Venue Awards increase this Sunday at 11:59 p.m. ET

PGA Tour, Saudi PIF Partnership Deadline Passes With No Resolution

  • The framework announced in June would combine the assets of the PGA Tour, LIV, and DP World Tour into a new commercial entity.
  • PGA Tour officials continue negotiating with another funding partner, Strategic Sports Group.
Jamie Sabau-USA TODAY Sports

The midnight deadline to complete negotiations toward the reunification of pro golf came and went—but that doesn’t mean the PGA Tour and Saudi Arabia’s Public Investment Fund won’t eventually come to a deal. 

It has been clear for several weeks that a definitive agreement between the two parties wouldn’t be reached before the deadline laid out in the framework agreement announced in June. Instead, sources tell Front Office Sports that the focus has been on a deadline extension—something that the provision framework stated can only be accomplished by “mutual consent of the parties.” 

There’s been no confirmation that all parties agreed to extend the deadline, although PGA Tour Commissioner Jay Monahan wrote in a memo to players on Sunday that the Tour continued to have “active and productive conversations with PIF and the DP World Tour.”

“While we had initially set a deadline of Dec. 31, 2023, to reach an agreement, we are working to extend our negotiations into next year based on the progress we have made to date,” Monahan wrote. The PGA Tour Policy Board told players in a previous memo, on Dec. 10, that it was “very confident in an eventual, positive outcome for all players and the PGA Tour as a whole.”  

A representative from LIV did not comment after the PGA memo Sunday. A PGA Tour spokesperson declined comment. 

The framework agreement from June aims to combine the assets of the PGA Tour, LIV, and DP World Tour into a new commercial entity (PGA Tour Enterprises). But “negotiating an agreement to reshape a global sport in six months was always overly ambitious,” says sports law attorney John Nucci. “I think both parties understand the value that a partnership can bring, and I would expect them to come to an agreement sometime in 2024.”

Some PGA Tour players on the Policy Board, which includes Tiger Woods, have pushed back against the PGA-LIV deal since it was first announced, especially after secret negotiations were conducted by Monahan, PGA Tour Policy Board Chair Ed Herlihy, Policy Board member Jimmy Dunne, and Yasir Al-Rumayyan, governor of the PIF. 

Meanwhile, PGA Tour officials continue negotiating with another funding partner, Strategic Sports Group, a consortium that includes Fenway Sports Group, Atlanta Falcons owner Arthur Blank, and New York Mets owner Steve Cohen. 

“I am pleased to report that we have made meaningful progress and have provided SSG with the due diligence information they requested,” Monahan wrote in the Sunday memo. “As we move forward in our discussions, we are focused on the finalization of terms and drafts of necessary documents.”

Copy Link
Link Copied
Link Copied

What to Read

‘Gotta Get in First’: For LIV Golfers, a New Path to the Green Jacket

Augusta National extended special invitations to three international golfers.

Tiger Says He ‘Doesn’t Want’ Iconic ‘TW’ Logo. Could He Get It Back?

Tiger Woods won’t use the “TW” logo on merchandise anymore.
Arthur Blank

Arthur Blank on Private Equity in the NFL: ‘There Are Models That Can Work’

Arthur Blank says the NFL will discuss private equity investment at the upcoming owners meetings.

The Super Bowl of Super Bowls: All Sports All the Time in Vegas

This year’s weeklong slate of events features more sideshows than ever before.
podcast thumbnail mobile
Front Office Sports Today

How the Negro Leagues Are Staying in the Game


Featured Today

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.
Sep 24, 2023; Oakland, California, USA; A general view of the Oakland Athletics dugout after the game against the Detroit Tigers at Oakland-Alameda County Coliseum.
February 24, 2024

Murky Future: Everything You Need to Know About the A’s Move to Las Vegas

Breaking down one of the most drawn-out, multifaceted sagas in sports.
February 18, 2024

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.
February 17, 2024

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Portland, OR

Tom Brady’s Post-Retirement Embrace of Las Vegas

With business all over town, one partner says, ’He’s going to be a great addition to the city.’
January 31, 2024

PGA Tour Taps Into Deep Base of Team Owner Experience With SSG Deal

New investor group boasts more than 200 years of combined team leadership.
Jordan Spieth
February 1, 2024

Will PGA Tour-PIF Deal Get Done? Some Players Say: Don’t Bother

Spieth, Simpson among those to question need for Saudi pact after SSG investment.

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
January 31, 2024

Capital Changes: Orioles’ Sale Marks Latest Deal in a Rapidly Transforming Region

Deal for MLB team follows Leonsis arena project, Harris purchase of the Commanders.
Golf bag leaning on PGA Tour signage
January 31, 2024

PGA Tour Scores Investment Worth Up To $3 Billion and Gives Players Equity

Players collectively get $1.5 billion in equity shares based on performance.
Orioles lawsuit
January 30, 2024

Baltimore Orioles Reportedly Being Sold to Two Billionaires

Owner John Angelos is set to sell the team for $1.725 billion.
January 30, 2024

Tom Brady’s Next Big Move: Merging TB12, Brady Brand with NOBULL

Tom Brady is merging TB12 and Brady Brand with NOBULL.