Tiger Woods and other PGA Tour leaders are reportedly meeting with Saudi sponsors of LIV Golf in New York on Wednesday.
Both parties in the golf world hope to finally reach an agreement after announcing their surprise merger in June 2023.
According to ESPNThe talks will last ‘several days’.
AX flight tracking account radar atlas2 discovered that private jets belonging to Woods, Saudi oil and gas company Aramco and the PFA Tour all landed in New York on Monday.
The full PGA Tour Enterprises Transactions Subcommittee, which includes 15-time major champion Woods, held discussions with Public Investment Fund (PIF) Governor Yasir Al-Rumayyan in June.
Tiger Woods and other PGA Tour leaders meet with Saudi backers of LIV Golf in New York
The talks will likely focus on closing a deal that would see the PIF invest $1 billion in PGA Tour Enterprises.
PGA Tour Enterprises is the commercial group that emerged from the framework agreement announced a year ago between the PGA Tour, PIF and the European Tour.
PGA Tour Enterprises brought in Strategic Sports Group, which invested an initial $1.5 billion earlier this year. Negotiations are underway to bring on PIF as a minority investor, and there has been more activity than previously anticipated.
PGA Tour commissioner Jay Monahan said last month that a deal with the PIF remains a priority, though he said there is no deadline.
“I don’t think we want to limit ourselves in that way,” Monahan said at the season-ending Tour Championship. “We want to get the best and right result at the right time.”
More to come.