Nov 06, V7N- Reports of a finalized merger between the PGA Tour and LIV Golf appear to have been premature. Despite claims by The Sun on Saturday that the two organizations had ended their rivalry, a follow-up report from Front Office Sports on Tuesday clarified that the merger has yet to be completed. Key issues, including significant antitrust concerns in the United States, still require resolution.
According to industry sources, internal pressure is mounting to complete the merger by the end of 2024 to streamline future scheduling. The PGA Tour has already released its 2025 schedule, while LIV has announced four tournament dates for the upcoming year. Initially, the merger framework was set with a December 31, 2023, deadline, but that date passed without finalization. Talks continue between PGA Tour commissioner Jay Monahan and Saudi Public Investment Fund (PIF) governor Yasir Al-Rumayyan as they aim to solidify terms within an extended 18-month period.
The Sun’s initial report suggested that PIF would secure an 11 percent stake in the PGA Tour, that LIV's 14 annual events would integrate with the PGA’s schedule, and that golf icons Tiger Woods and Rory McIlroy played roles in facilitating discussions. However, these details remain speculative as negotiations progress
END/WSP/RH/
Comment: