The PGA TOUR and PIF have already reached a final agreement on financial terms, according to this respected golf insider.
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ThecurrentcontroversybetweenthePGATOURandLIVGolfmaybecomingtoanendifnegotiationsbetweentheTourandSaudiArabia’sPublicInvestmentFund(PIF)resultinadeal.Amongotherthings,thesplithasresultedinnotalloftheworld’sbestplayerscompetingagainsteachother,withtheexceptionforsomeinthefourmajorchampionships.
Speakingaboutthetopic,GolfChannel’sRexHoggardreportedthatthePGATourandthePIFhavefinalizedthefinancialtermsofadefinitiveagreement.HoggardprovidedtheinformationduringthepodcasthehostswithRyanLavner.
ByallaccountsthePGATOURandthePublicInvestmentFundhavecometofinancialtermsofwhatthiswouldlooklike,andthey’veactually,myunderstandingis,cometonumerousversionsofthis.SotheyputthatinfrontoftheDepartmentofJusticeandIwillgivetheTourcreditonthisfront,andthePIF.
JayMonahan,CommissionerofthePGATourandYasirAl-Rumayyan,GovernorofSaudiArabia’sPublicInvestmentFundinteractduringday
