From PGATour.com
The negotiations between PGA TOUR Enterprises and the PIF are steadfastly progressing, as evidenced by the recent in-person meeting on Friday between the Enterprises’ Transactions Subcommittee and PIF Governor Yasir Al-Rumayyan and his team.
The meeting occurred in New York City as talks between the two sides continued to accelerate.
“Representatives from the PGA TOUR Enterprises Transaction Subcommittee and the PIF have been meeting multiple times weekly to work through potential deal terms and come to a shared vision on the future of professional golf,” the seven-person PGA TOUR Enterprises Transaction Subcommittee said in a joint statement. “On Friday evening, an in-person session in New York City included the entire Transaction Subcommittee and PIF Governor Yasir Al-Rumayyan and his team, where more progress was made.”
The PGA TOUR Enterprises Transaction Subcommittee, which is engaged in direct negotiations with the PIF, includes three active PGA TOUR players – Rory McIlroy, Tiger Woods, and Adam Scott – and four additional members of the PGA TOUR Enterprises Board:
- Jay Monahan, PGA TOUR Commissioner and Chief Executive Officer of Enterprises
- Joe Gorder, Chairman of PGA TOUR Enterprises
- John W. Henry, principal of Fenway Sports Group and manager of Strategic Sports Group
- Joe Ogilvie, a former PGA TOUR winner and Liaison Director of PGA TOUR Enterprises’ Board
- Rory McIlroy, who is currently competing in the Memorial Tournament presented by Workday, joined the meeting remotely
“We remain committed to these negotiations, which require working through complex considerations to best position golf for global growth,” the Transaction Subcommittee said in the statement. “We want to get this right, and we are approaching discussions with careful consideration for our players, our fans, our partners, and the game’s future.”
