“Exclusive Inside Scoop: Tiger Woods Spills the Beans on PGA Tour’s Secret Deadline with Saudi Arabia – Major Changes and Big Money at Stake!”
Tiger Woods disclosed that the PGA Tour aims to finalize a formal agreement with Saudi Arabia’s state investment fund by the self-imposed December 31 deadline. Despite potential extensions, the Tour is determined to have the deal in place for the 2024 campaign. The deadline originated in June during the merger announcement with the Europe-based DP…
Tiger Woods disclosed that the PGA Tour aims to finalize a formal agreement with Saudi Arabia’s state investment fund by the self-imposed December 31 deadline. Despite potential extensions, the Tour is determined to have the deal in place for the 2024 campaign. The deadline originated in June during the merger announcement with the Europe-based DP World Tour.
The Saudi PIF, a key supporter of PGA Tour competitor LIV Golf, plays a pivotal financial role. Woods, optimistic about meeting the year-end deadline, emphasized ongoing negotiations with US-based Strategic Sports Group (SSG), a potential co-investor. SSG includes Fenway Sports Group, owners of Boston Red Sox and Liverpool, Cohen Private Ventures, and HighPost Capital.
Woods, a PGA Tour board member since August, refrained from commenting on Jon Rahm’s shift to LIV Golf, citing past speculation about player moves. Matt Kuchar sees LIV Golf as a catalyst for positive changes in golf, believing it prompts the PGA Tour to make beneficial adjustments. Despite a successful year on Tour, Kuchar anticipates ongoing tweaks to the PGA Tour structure influenced by the emergence of the LIV Tour.