The PGA Tour and the PIF have been announcing their willingness to arrive at a merger worth $3 billion last year and seem to now be potentially heading towards a decision. It has been reported that the PIF has presumably told Al-Rumayyan, Greg Norman, and the LIV Golf players about what they see their future looking like with the PGA Tour.
The burning question that has kept the entirety of the golf world on its toes seems to no longer grab the Saudi-led PIF’s attention. It has been revealed that the big-money giant does not have “any ambitions of working with the PGAT or the new PGAT Enterprises.” Instead, PIF is now planning to return its focus to solely grow the LIV Golf League and recruit the best talents to its already-beaming roster.
Some have equated this decision to the PGA Tour’s betrayal of PIF by signing on with SSG in a much-talked-about $3 billion merger. Famous golf media personality Bob “Golf” Ball also reported, “This news is SSG’s worst nightmare. The players will have equity in a sinking ship and now watch for the PGA Tour to come out with “reactive” innovation that no one will care about (The Match, TGL).”
ADVERTISEMENT
Article continues below this ad
The brunt of the PIF’s seemingly unfavorable decision toward the PGA Tour is being endowed on the shoulders of the Tour by some netizens for their delay. A lot of the others, like the aforementioned media personality, have hinted that it is likely that the PGA Tour will now refute measures like The Match and TGL as a form of bandaid on their so-called missed opportunity. But what does this mean for the Tour’s new partner, SSG?
What position does the PIF’s rumored decision put the SSG into?ADVERTISEMENT
Article continues below this ad
The short and obvious answer to this is that it does not look extremely good for the SSG. So much so that it is being referred to as the high-profile investors’ consortium’s “worst nightmare.”
Get instantly notified of the hottest Golf stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
In fact, the previously enacted provision of players’ sharing equity in the new reality of the PGA Tour-SSG merger also does not seem to be faring well in their direction. After all, the PGA Tour and its newly formed enterprise are now being compared to “a sinking ship.“
ADVERTISEMENT
Article continues below this ad
Whether these updates are merely a new form of negotiatory tactic or the PIF’s actual stance remains to be officialized. Only time will tell when a formal decision will be made.
Source : EssentiallySports