The PGA Tour wants one premier circuit operating in men’s professional golf.
Saudi Arabia’s Public Investment Fund wants two — and that’s why the sides’ talks to reunify the sport seem to be back at ground zero.
Sources confirmed to ESPN that the PGA Tour has rejected the PIF’s most recent offer to invest $1.5 billion into PGA Tour Enterprises, the tour’s for-profit entity, which came with the caveat that the rival LIV Golf League would remain intact.
The PIF, which has funded LIV Golf since its inception in 2022, also wants its governor, Yasir Al-Rumayyan, to serve as co-chairman of PGA Tour Enterprises’ board. Former Valero Energy CEO Joe Gorder is chairman of the PGA Tour Enterprises board, and Tiger Woods serves as vice chairman.
The Guardian of London reported that the PGA Tour replied to the PIF in a letter on Monday.
