The PGA Tour x PIF merger has one of many largest updates, however it’s not a constructive one. The Tour simply rejected the most recent proposal by the Principal Funding Fund totaling $1.5 billion.
Per the report from ESPN, the Tour wished there to be one circuit for males’s skilled golf. The PIF desires there to be two, which appears to be the crux of the difficulty the 2 sides are having now.
The PIF wished to protect LIV Golf as a tour, however the PGA Tour wished the longer term to carry only one high tour for males’s golfers. They need Scottie Scheffler, Bryson DeChambeau, Jon Rahm, and Rory McIlroy multi function place.
For now, the talks appear to have returned solely to sq. one primarily based on these basic points. The 2 sides are nonetheless negotiating, however they’re again to disagreeing on whether or not or not the PGA Tour needs to be the one tour.
Earlier reporting by ESPN mentioned that the Tour thought-about LIV Golf persevering with in its present kind a “nonstarter,” which could have performed a job in why it has been practically two years since they initially agreed to a deal.
What Jay Monahan mentioned concerning the PGA Tour x PIF merger
In mild of the latest growth, Jay Monahan’s feedback final month on the Gamers Championship appear to have had a hidden that means. At the moment, the Tour had simply met with PIF and the President of america on the White Home.
Monahan mentioned a few weeks in the past, through ESPN:
“We is not going to accomplish that in a method that diminishes the power of our platform or the very actual momentum we’ve got with our followers and our companions. So whereas we have eliminated some hurdles, others stay. However like our followers, we nonetheless share the identical sense of urgency to get to a decision.”
The PGA Tour has grown in latest months. The scores are trending again up, and a number of the stars on Tour have had good begins to the yr. LIV Golf, in the meantime, just isn’t doing as properly within the scores division.
Monahan insisted on partnering with the PIF in a method that does not take away their power, which now appears like a touch upon LIV Golf persevering with to exist. Both method, the 2 sides should now return to the drafting board, however it would not seem like a decision is close to.