Tour’s talks with Saudi Arabia’s PIF remain in stalemateLetter from American law firm urges full disclosure
Lawyers representing 21 golfers, including the former Masters champion Danny Willett, have written to the PGA Tour to demand “full disclosure” on ongoing negotiations aimed at securing the organisation’s future. The sport remains mired in civil war, and dissatisfied low ranking players claim they have been “kept in the dark about this process.”
The PGA Tour and Saudi Arabia’s Public Investment Fund remain locked in talks aimed at launching a new, collective future for elite golf by a proposed deadline of 31 December. It is likely that cutoff will be pushed back. The Fenway Sports Group, owner of Liverpool FC, is now a key part of those discussions as it hopes to invest in the new business model. It is expected Fenway, which saw off a challenge from another US-based private equity group to gain approval from the PGA Tour’s board, would work in collaboration with the PIF.
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