Dec 11, 2023
Jon Rahm’s departure to LIV was the latest indicator that the struggle for the future of pro golf likely won’t end by Dec. 31, the deadline for the PGA Tour and Saudi Arabia’s Public Investment Fund to come to a definitive partnership agreement.
Rahm’s deal worth a reported $566 million — most of that guaranteed — angered those on the PGA Tour side of the negotiations in the hours before he signed with LIV on Thursday. PIF’s offer to the World No. 3 player wasn’t news. After all, the sovereign fund has already committed well north of $2 billion to LIV.
The only question now is this: Will PIF spend billions more as part of a new commercial entity (PGA Tour Enterprises) that would include the assets of the PGA Tour, LIV, and DP World Tour, or will it continue to splinter pro golf by poaching more PGA Tour stars?
The answer could come over the next 20 days, even if a completed deal appears unlikely.
Source: Front Office Sports