The PGA Tour is less than three weeks from a deadline to finalize a deal with Saudi Arabia’s sovereign wealth fund that it promised would transform professional golf into a global powerhouse and quiet years of acrimony.
But acrimony clearly remains.
The plan’s outline called for combining the moneymaking businesses of the PGA Tour, the venerable American circuit; and LIV Golf, the upstart league flush with billions of dollars in Saudi investment. The deal’s announcement on June 6, though, was short on the basics, including a total valuation and even modest support from many players.