If this deal is signed, Tiger Woods would relocate to Saudi Arabia.
with Discovery’s GolfTV by the end of this year. Tiger Woods stated that before the end of 2020, a conclusive agreement will be made between PGA Tour and Discovery’s GolfTV for their collaboration. (28 words)
Before their self-imposed deadline of December 31, the Public Investment Fund (PIF) from Saudi Arabia.
The PGA Tour board member, Woods, has confirmed that the deadline set for early June will not be altered.
Despite the fact that both parties and DP World Tour of European origin had announced a merger, they were open to extending the date by mutual agreement.
LIV Golf, a recently emerged rival of the PGA Tour, is largely funded by the Saudi PIF.
“Our timeframe and deadline remain unchanged, which is December 31,” Woods stated during a press conference in Florida.
“We are attempting to finalize an agreement involving all the various entities involved. The involvement of SSG has been brought into consideration now.”
The PGA Tour, working to finalize its merger plans before the deadline, announced that it will engage in discussions with Strategic Sports Group (SSG), a US-based company that may serve as a co-investor.
Included in the SSG are Fenway Sports Group, who possess ownership of Major League Baseball’s Boston Red Sox and Premier League club Liverpool. Cohen Private Ventures, New York Mets proprietor Steve Cohen’s family office, as well as private equity firm HighPost Capital also form part of the group.
According to Woods, it is evident that SSG has considerable equity and notable investors who share a similar vision as we do. Consequently, all of us are progressing in the appropriate direction.
Having played the opening round of the PNC Championship in Florida with his son Charlie, a 15-time major winner recently returned to competitive golf at the Hero World Challenge in the Bahamas spoke up.
Woods refused to provide a statement regarding the participation of Jon Rahm, Masters champion, in LIV Golf. This move marks the most significant departure towards the Saudi-backed competition thus far.
According to Woods, there has been a great deal of discussion about particular players potentially leaving and it was just conjecture until their departure actually occurred.
