Oct 20, 2023
Pro golf’s grand merger is in significant doubt.
The preliminary partnership agreement between the PGA Tour, DP World Tour, and LIV Golf’s financial backer, the Saudi Public Investment Fund, announced in June included a Dec. 31 deadline to complete the transaction. While the parties could extend the deadline by mutual agreement, sources with knowledge of the situation told Front Office Sports there is so little progress by this point that extending the deadline would likely be pointless.
The PGA Tour has been working closely with Endeavor, Fenway Sports, and others to replace the up to $2 billion PIF would have committed if the deal were completed.
Source: Front Office Sports