News Formal

Still no deal in PGA-Saudi PIF merger plan

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 92%

Still News

No,Deal,In

PINEHURST, USA — One year after the shock unveiling of a merger agreement between the PGA Tour and LIV Golf's Saudi financial backers, the controversial move has not produced a finalized deal.

PINEHURST, USA — One year after the shock unveiling of a merger agreement between the PGA Tour and LIV Golf's Saudi financial backers, the controversial move has not produced a finalized deal.It was June 6, 2023, when PGA Tour commissioner Jay Monahan and Saudi Arabian Public Investment Fund governor Yasir Al-Rumayyan announced their plan to unify the PGA and LIV, restoring a single tour for golf's best talent.

A December 31 deadline was missed, and a transaction subcommittee is now charged with negotiations, with player member Rory McIlroy telling Sports Illustrated they have spoken with the Saudis three times a week in the past month.A Friday gathering in New York with Monahan, Al-Rumayyan and Tiger Woods involved was the first in-person meeting since March, McIlroy calling it 'big-boy stuff' with business leaders, not players, leading talks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PGA set for direct PIF merger talksWASHINGTON, D.C. – Rory McIlroy revealed details about a new PGA Tour subcommittee created to conduct direct talks with Saudi Arabia's Public Investment Fund (PIF) about finalizing a merger deal.
Source: TheManilaTimes - 🏆 2. / 92 Read more »