Tentative Deal Between PGA Tour and LIV Golf League Faces Extension

The groundbreaking deal between the PGA Tour and the upstart LIV Golf league, backed by Saudi Arabia’s sovereign wealth fund, has hit a snag. The initial deadline of December 31st to finalize the details of the partnership has passed, and both sides are now working to extend the negotiations into the new year.

In a memo to players, PGA Tour commissioner Jay Monahan confirmed that they were in talks with Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, to prolong the negotiations. While a formal one-month extension is being discussed, no new deadline has been set.

Simultaneously, the PGA Tour is also engaged in discussions with Strategic Sports Group, an investment group led by Fenway Sports Group, to secure additional funding. Strategic Sports Group is associated with prominent sports franchises such as the Boston Red Sox, Pittsburgh Penguins, and Liverpool Football Club.