According to reports, officials from the PGA Tour, including Tiger Woods, met with reps from Saudi Arabia’s Public Investment Fund (PIF) in New York on Tuesday.
The two groups are trying to build on a framework deal put together last year. The deal would have PIF invest more than $1 billion into PGA Tour Enterprises – the for-profit entity launched last year by the PGA Tour and Strategic Sports Group (SSG), a loose conglomerate of U.S. sports owners.
Per ESPN, the meetings are scheduled to “last multiple days” in NYC.
Those repping for the PGA Tour Enterprises include chairman Joe Gorder and Boston Red Sox owner John Henry along with Woods and Adam Scott.
In Atlanta, amid the week of the season-ending Tour Championship, PGA Tour commissioner Jay Monahan said discussions with PIF had been “enhanced,” which many translated that a deal was close.
“I would say that the priority, it’s been enhanced,” Monahan said in late August. “It’s stronger. That’s a direct result of dialogue and conversation and really starting to talk about the future, future product vision and where we can take our sport.
“I think when you get into productive conversations, that enhances the likelihood of positive outcomes and that enhances the spirit of those very conversations. I think that’s where things stand.”
Associated Press and ESPN reports used to produce post.
