The PGA Tour remain in addresses with the Public Investment Fund of Saudi Arabia over their frame agreement, but it appears the American- based circuit are looking away for investors.
The PGA Tour are considering drinking other investment down from their new- set up Saudi Arabian abettors , with mistrustfulness cast over their proposed accord with LIV Golf.
In June the PGA Tour confirmed it had reached a framework agreement with the Public Investment Fund of Saudi Arabia (PIF) that would bring to an end the ugly dispute between the Tour and the LIV setup. Since then the two parties have remained in talks, with a deadline of December 31 set to complete a deal.
The American-based circuit updated players on the status of the talks in a memo and reiterated its intention to reach a deal with PIF while also acknowledging that it was open to investment proposals from other sources.
“We remain focused on reaching a Definitive Agreement with PIF and the DP World Tour, but not surprisingly, these negotiations have resulted in unsolicited outreach and proposals from a number of other interested investors,” the memo stated, according to ESPN. The Tour’s strong position and our potential for growth are reinforced by all of this activity.
The report claims that the deal with the Saudi backers has been called into question because a finalized agreement is “far from done.” If talks break down, the Tour is said to have a variety of backup plans.