The PGA Tour and Saudi Arabia’s Public Funding Fund appeared to be nearing an settlement on the way forward for skilled golf. As The Guardian first reported, nonetheless, the PGA is now again to sq. one after the PIF rejected the PGA’s most up-to-date supply to take a position $1.5 billion in PGA Tour Enterprises.
The purpose of competition in negotiations is easy. PIF desires to maintain the LIV Golf League alive as its personal enterprise, however PGA Tour Commissioner Jay Monahan desires to unite each leagues into one. PIF additionally proposed making its governor, Yasir Al-Rumayyan, the co-chairman of PGA Tour Enterprises.
It is easy to grasp the arguments for each side. The PGA Tour desires all the highest expertise on the planet to compete collectively in the identical tournaments extra usually, whereas PIF is pleased with what it is constructed with LIV Golf and sees a brilliant future in workforce golf.
The 2 sides will not have the ability to attain an settlement till they work collectively to construct the way forward for skilled golf. Unifying each leagues whereas maintaining a component of workforce golf alive may enable the PGA Tour and PIF to make concessions and get a deal finished. LIV Golf could have the benefit in negotiations as a result of it believes the league will survive — and thrive — if this merger by no means occurs.
