Negotiations Intensify Between PGA Tour and LIV Golf for Potential Merger

Negotiations Progress Between PGA Tour and LIV Golf

More than a year after the PGA Tour first announced its intention to merge with the LIV Golf league, which is supported by Saudi Arabia’s sovereign wealth fund, key stakeholders from both sides convened in Manhattan on Tuesday. Their goal was to finally make tangible progress toward reaching an agreement.

Despite a history of fits and starts in the negotiation process, an official accord remains elusive. However, executives from the PGA Tour and representatives from the Saudi wealth fund, which financially backs LIV Golf, gathered with their advisers to focus on the intricate details of a potential agreement. This information comes from three individuals familiar with the proceedings, who requested anonymity due to the sensitive nature of the discussions.

Additionally, at least one executive from the group of U.S. investors that has already committed to supporting the PGA Tour was also involved in the discussions. The meeting, which is expected to continue into Wednesday, may extend over several more days if needed, according to the sources.

This surge of activity illustrates a shared eagerness from both parties to finalize a deal. The ongoing conflict between the PGA Tour and its Saudi-backed counterpart has created a significant divide within the sport, leading to frustration among fans and players alike.

It is noteworthy that no players were present at this particular meeting. Nevertheless, several have participated in other discussions related to the deal. Speculation arose regarding Tiger Woods’ presence in New York, but sources clarified that he was in the city for a golf event benefiting his foundation.

The planning for this pivotal meeting came together rapidly over the past week, with hopes that an in-person dialogue would help generate some much-needed momentum toward a resolution.