Earlier this year, the PGA Tour and commissioner Jay Monahan announced plans to partner with the Saudi Arabian Public Investment Fund, which also back LIV Golf, forming sort of an alliance between the two rival golf leagues. And it seems the terms of that partnership could be finalized in the near future.
During an appearance at The New York Times’ DealBook Summit in New York City on Wednesday night, Jay Monahan revealed that he is scheduled to meet with Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund, next week to discuss the potential alliance. He said that he hope to reach a deal with the PIF and at least one other investor before the end of the year.
“We’re having conversations with multiple parties,” Monahan said according to ESPN. “The deadline for our conversations with PIF, as you know, is a firm target. I’ll be with Yasir next week, and we continue to advance our conversations. And I think it’s pretty well known that there’s a large number of other interested parties that we’re also pushing to think about.”
This alliance would seemingly end a two-year standoff between the PGA Tour and LIV Golf, bringing sort of an alliance between the two leagues.
[ESPN]
