Report: PGA Tour rejects $1.5B offer from Saudi investment fund
- The PGA Tour rejected a $1.5 billion investment offer from the Saudi Public Investment Fund, as reported by Mark Schlabach from ESPN.
- The PGA Tour seeks one unified golf circuit, while the Saudi Public Investment Fund wants to keep LIV Golf intact, leading to negotiation challenges.
- PGA Tour commissioner Jay Monahan stated there is a sense of urgency to reach a resolution with all parties involved.
- New LIV Golf CEO Scott O'Neil expressed confidence in LIV's future, stating they do not need a deal with the PGA Tour to survive.
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PGA Tour, LIV Golf At Odds After $1.5 Billion Investment Offer From PIF Gets Turned Down: Report
PIF's investment offer came with the provision that the rival LIV Golf League would remain intact, something that the PGA were not in favour of as it wants to have the world's top golfers all competing on one circuit.
·India
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