Yasir Al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia, looks on from the 18th green during day two of the LIV Golf Invitational – DC at Trump National Golf Club on May 27, 2023, in Sterling, Virginia. (Photo by Rob Carr/Getty Images)
Speaking of the LIV tour, the money behind that tour, the Public Investment Fund of Saudi Arabia, has a framework deal for a new organization that would include the PGA Tour. But that deal was announced in June, and here we are in October with still very few details revealed about the new organization.
Now Bloomberg is reporting the PGA Tour is looking for additional investors, perhaps in an effort to reduce the backlash over the PIF and Saudi Arabia. It now appears a new structure won’t be in place by the start of the 2024 season.
And does the PIF really want other investors in this deal? Money, greed and power struggles are popping up again, it appears.
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