Golf News

Report: Term Sheets Exchanged Over Potential Deal Between PGA Tour And Saudi PIF

Jay Monahan Reveals Negotiations With PIF 'Accelerating' Over PGA Tour Deal

Negotiations between the PGA Tour and the Saudi Arabian Public Investment Fund over a potential merger in men’s professional golf are “still very much alive”, according to a report by the New York Times.

The Times’ DealBook reporter, Lauren Hirsch, has stated that not only are those conversations still ongoing, but – according to two people familiar with the talks – term sheets have been exchanged “in recent days” in relation to a deal that would see the PIF deposit $1.5 billion into PGA Tour Enterprises – the US circuit’s for-profit arm.


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