PGA Tour confident, suggests waiting on Saudi deal

The PGA Tour is reassessing its position in negotiations with the Saudi Public Investment Fund (PIF). Tour officials believe they have a strong product and are questioning why they should meet the demands of PIF, which has invested billions with little success. Recent talks between the PGA Tour and PIF ended without a deal. The Tour offered PIF $500 million for LIV Golf, which PIF found inadequate. Tensions were apparent during the meeting, suggesting that both sides have significant disagreements. PIF’s governor, Yasir Al-Rumayyan, has not made any formal proposals during the negotiations. There are speculations about his motivations—whether he is feeling pressured or simply overestimating LIV’s potential. The PGA Tour has seen its popularity grow recently, with better ratings and returning sponsors, reducing their fear of PIF’s financial power. Key players like Rory McIlroy and Jordan Spieth have expressed disinterest in switching to LIV, which makes it harder for PIF to attract more talent. The PGA Tour is now focusing on what benefits a partnership with PIF could bring as they seek financial stability and influence in golf. Some experts suggest the PGA Tour should wait before making any compromises. As contracts for LIV players expire, they may seek opportunities back in the PGA, without the need to undermine the Tour's established events and traditions. Ultimately, a deal with PIF might not be necessary for the Tour’s success.