Monday, April 28, 2025

Rejecting $1.5B offer from Saudi investment fund

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IT doesn’t look like the PGA Tour and Saudi Arabia’s Public Investment Fund will be settling their differences any time soon.

ESPN sources confirmed that the PGA Tour has rejected the PIF’s recent offer to invest $1.5 billion into PGA Tour Enterprises. The investment offer came with the provision that the rival LIV Golf league would remain intact.

That reportedly does not work for the PGA Tour, which wants to have the world’s top golfers all competing on one circuit. The PGA Tour replied to the PIF’s offer in a letter on Monday (Tuesday in Manila last week), according to The Guardian of London.

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“We will not do so in a way that diminishes the strength of our platform or the very real momentum we have with our fans and our partners,” PGA Tour commissioner Jay Monahan said at last month’s Players Championship. “So while we’ve removed some hurdles, others remain. But like our fans, we still share the same sense of urgency to get to a resolution.” IT doesn’t look like the PGA Tour and Saudi Arabia’s Public Investment Fund will be settling their differences any time soon.

ESPN sources confirmed that the PGA Tour has rejected the PIF’s recent offer to invest $1.5 billion into PGA Tour Enterprises. The investment offer came with the provision that the rival LIV Golf league would remain intact.

That reportedly does not work for the PGA Tour, which wants to have the world’s top golfers all competing on one circuit. The PGA Tour replied to the PIF’s offer in a letter on Monday (Tuesday in Manila last week), according to The Guardian of London.

“We will not do so in a way that diminishes the strength of our platform or the very real momentum we have with our fans and our partners,” PGA Tour commissioner Jay Monahan said at last month’s Players Championship. “So while we’ve removed some hurdles, others remain. But like our fans, we still share the same sense of urgency to get to a resolution.”

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