PGA chief offers fresh update on LIV Golf merger negotiations

Jay Monahan, chief of PGA Tour, revealed that a definitive binding agreement for a suggested merge with LIV Golf is still in the negotiation stages, admitting that there’s “work still to do” regarding any deal.

Last summer, news that golf’s internal conflict may reach a conclusion shocked the sporting world when a ‘framework agreement’ was announced between the PGA Tour, LIV Golf, and the DP World Tour with an end-of-year deadline set to finalise the deal, signaling the rival tours might resolve their deadlock.

Almost a year after the initial announcement though, the proposal discussions have largely reached an impasse without any agreement in place.

However, a recent meeting featuring the PGA Tour Enterprises’ Transaction Subcommittee and Saudi Arabian Public Investment Fund (PIF) chief Yasir Al-Rumayyan represented significant advancement.

Monahan has now shared insights from that conversation held in New York City. According to a statement put out by the American circuit, while consensus was found on various items, a final agreement was definitively not concluded.

Previously, the PGA’s Transaction Committee, which includes Rory McIlroy, Tiger Woods and Adam Scott, had been meeting with representatives from the PIF every Monday, Wednesday and Friday. These discussions were said to be ‘accelerated’.

Prior to this, a meeting was held in March with Al-Rumayyan in the Bahamas while he was attending The Players Championship.

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The PGA Tour released a statement about the New York meeting: “As we’ve said in the past, we can’t negotiate in public, but we are making progress. Two weeks ago, members of our PGA Tour Enterprises Transaction Subcommittee met in New York with Yasir AlRumayyan, as well as members of his team.For all the latest news, politics, sports, and showbiz from the USA, visit The Mirror US.”

During that meeting, we reached consensus on several items, but both parties recognize that there is still work to do to reach a final agreement. Our talks are ongoing with the goal of developing a shared vision for the future of professional golf that is pro competitive and provides players with the best global opportunities.

“Your player directors have been crucial in the process, their insights and perspectives are steering us towards a positive outcome,” they continued, a comment that will give fans hoping for a resolution to the deadlock some confidence. “And we will keep you updated as additional work is accomplished. “Earlier this month, McIlroy commented on the progress, stating: “We’re there to maybe give a perspective from player’s point of view.

But, I mean, this is a negotiation about an investment into PGA Tour Enterprises. This is ‘big boy’ stuff, and I’ll certainly be doing more listening than I will be talking.”

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