"PGA Tour Engages in Extended Negotiations with Saudi PIF Amid LIV Golf Revenue Concerns"
PGA TOUR Commissioner Jay Monahan updated players on the ongoing negotiations with Strategic Sports Group (SSG), the Public Investment Fund (PIF), and the DP World Tour. The TOUR is making progress with SSG and is working on finalizing terms, while actively seeking to extend the expiring Framework Agreement with PIF and DP World Tour into the new year. The goal is to have SSG, PIF, and DP World Tour as minority co-investors in PGA Tour Enterprises by 2024, aiming to unify and innovate the game. The update comes as players gather in Maui for The Sentry event, which starts the 2024 PGA TOUR season.