Tiger Woods insists the PGA Tour nonetheless hope to strike a proper settlement with Saudi Arabia’s state funding fund by its 31 December deadline.
While a lot has seemingly occurred since in July, it’s obvious that at the very least from the PGA Tour’s viewpoint, they want to have an settlement going into the 2024 marketing campaign.
PGA Tour deal with LIV Golf house owners set to be finalised before 2024
The deadline was established in early June when the 2 entities and the Europe-based DP World Tour introduced their merger, though the events may agree to prolong the deadline.
ALSO READ: Why the Garden Route is South Africa’s No 1 Golf vacation vacation spot
The Saudi PIF is the first monetary supporter of PGA Tour competitor LIV Golf.
Woods revealed that the PGA Tour was upbeat on its possibilities of finishing the deal before the top of the yr.
ALSO WATCH: Christo Lamprecht hits 418-yard drive at Leopard Creek
“As of right now, (December 31) is our time frame and our deadline. That hasn’t changed,” Woods, who joined the PGA Tour board in August, advised a press convention in Florida on Saturday.
“We’re trying to get a deal done with all of the different entities that we have going on here. SSG has come into the mix now.”
ALSO READ: Tiger Woods heaps reward on ‘extraordinary’ Rafael Nadal
LIV Golf alternate options
The PGA Tour stated it can proceed negotiations with US-based Strategic Sports Group (SSG), which could take part as a co-investor, because it rushed to end its merger plans before the deadline.
SSG consists of Fenway Sports Group, the house owners of the Boston Red Sox in Major League Baseball and Liverpool within the Premier League. It additionally includes the funding enterprise Cohen Private Ventures, the household workplace of New York Mets proprietor Steve Cohen, and the non-public fairness agency HighPost Capital.
ALSO WATCH: Angry Cape Cobra slithers onto South African golf course
“(SSG) have a lot of equity and a lot of name investors that have the same alignment that we have, and we are all heading in the right direction,” Woods stated.
Woods declined to touch upon Masters winner Jon Rahm’s current change to LIV Golf.
“Well, there’s been a lot of talk over the years of certain players going, and it was speculation until it happened because there’s been rumors of names going and not going, and whether they materialized or not …” he stated. “So we assumed it was just speculation until it happened.”
Matt Kuchar this week expressed the assumption that LIV Golf might be a catalyst for constructive adjustments within the sport.
“I think what’s going on with the LIV Tour is pushing the PGA Tour to make some changes,” Kutchar stated. “I feel some are for the nice.
“Listen, in the event you had been a participant on Tour this yr, you had full-field occasions with big purses. This was type of an important yr to be on Tour. This coming yr, in the event you’re inside that Top-50, it appears prefer it stands to be an unimaginable yr.
“I don’t see this being the final rendition of what the PGA Tour looks like. I think we will tweak it. But I think the LIV Tour is forcing the Tour to make some good adjustments.”
Source link
