- Framework was supposed to agreed before end of 2023
- Involvement of private equity groups has slowed process
Negotiations between the PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) have been extended beyond the original deadline of 31 December.
A framework agreement between the organisations, which stunned the world of men’s professional golf, was announced on 6 June and was initially intended to be concluded before the end of 2023. Discussions have been complicated by the emergence of interest from private equity groups, with the PGA Tour announcing on 10 December that it was in discussions with Strategic Sports Group (SSG), an investment group headlined by Liverpool FC’s owner, Fenway Sports Group.
