PGA Tour leaders will release an update on the LIV Golf merger as new details become available.

PGA Tour leaders will release an update on the LIV Golf merger as new details become available.

PGA Tour leaders will release an update on the LIV Golf merger as new details become available.

The PGA Tour and LIV Golf have been discussing a proposed merger since June, and commissioner Jay Monahan sent a memo to players to provide an update.

PGA Tour Commissioner Jay Monahan sent a memo to tour players regarding discussions with LIV Golf.

PGA Tour Commissioner Jay Monahan sent a memo to tour members providing an update on negotiations with LIV Golf and confirming Saudi Arabia’s Public Investment Fund’s intention to become a minority investor in the new entity.

On June 6, it was announced that the PGA Tour, DP World Tour and LIV Golf would begin merger talks under the proposed framework. Talks between the PGA Tour and LIV Golf’s financier, the Public Investment Fund (PIF) of Saudi Arabia, have been ongoing for several months.

The original deadline for the agreement was December 31. However, reports emerged earlier this week that there are plans to extend the talks, suggesting they will continue until 2024.

 

Now, the PGA Tour has given tour members an update on its negotiations with the PIF, including a memo from Monaghan. Tur noted that the memo includes three points, the first of which is that “significant progress” has been made in discussions regarding the proposed merger.

The memo also includes a detailed discussion of a potential investment by Strategic Sports Group (SSG), which is in talks to invest in a new tour company called PGA Tour Enterprises. Fenway Sports Group (FSG), owner of Liverpool FC, is part of SSG’s negotiations to invest in the PGA Tour.

Hours before the opening deadline, Monaghan’s memo said negotiations between the PGA Tour and PIF remained “active and productive.” The memorandum also confirmed the intention to extend the deadline until the new year. The past few months have been filled with speculation about the future of the PGA Tour and LIV Golf. Just last December, reigning Masters champion John Rahm agreed a £450m deal to join the Saudi-funded Breakaway League from February 2024.

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Not again 😭 in golf community as famous golf players were caught and being sentence to….   recent years, the global pandemic has changed a lot of things, and has me reflecting,” she said.  “It is time to slow down a little, focus more on my personal growth, and spend some time with my family.”  Feng told AFP in Tokyo it had been an honour to represent her country, for potentially the last time.  “We’re representing our own countries and we’re not playing for prize money, we’re playing for honour,” she said at Kasumigaseki Country Club, where she could not repeat her medal heroics of five years earlier, finishing eighth.  “Out of all my achievements, I would say a medal at the Olympics is very special,” said Feng, whose only major win came at the 2012 US PGA Championship.  “Even though I’ve been a major winner, think about it, we have five majors every year, in four years we have 20 chances to win a major.  ‘  “So I would say it’s harder, much harder, to get a medal at the Olympics. It was the most memorable moment of my career.”  Brought up in China’s southern Guangdong province, neighbouring Hong Kong, an 18-year-old Feng became the first Chinese player to earn an LPGA tour card in 2007.  The easy-going Feng went on to be the first Chinese player, man or woman, to win a major and lifted 10 LPGA titles during her 14 active years on the tour.  In 2017, Feng became the only Chinese golfer to date to reach the world No 1 ranking.  During a supremely consistent career, Feng registered 18 top-10 finishes in majors, two of them in 2021 even as she was winding down her playing commitments.

Not again 😭 in golf community as famous golf players were caught and being sentence to…. recent years, the global pandemic has changed a lot of things, and has me reflecting,” she said. “It is time to slow down a little, focus more on my personal growth, and spend some time with my family.” Feng told AFP in Tokyo it had been an honour to represent her country, for potentially the last time. “We’re representing our own countries and we’re not playing for prize money, we’re playing for honour,” she said at Kasumigaseki Country Club, where she could not repeat her medal heroics of five years earlier, finishing eighth. “Out of all my achievements, I would say a medal at the Olympics is very special,” said Feng, whose only major win came at the 2012 US PGA Championship. “Even though I’ve been a major winner, think about it, we have five majors every year, in four years we have 20 chances to win a major. ‘ “So I would say it’s harder, much harder, to get a medal at the Olympics. It was the most memorable moment of my career.” Brought up in China’s southern Guangdong province, neighbouring Hong Kong, an 18-year-old Feng became the first Chinese player to earn an LPGA tour card in 2007. The easy-going Feng went on to be the first Chinese player, man or woman, to win a major and lifted 10 LPGA titles during her 14 active years on the tour. In 2017, Feng became the only Chinese golfer to date to reach the world No 1 ranking. During a supremely consistent career, Feng registered 18 top-10 finishes in majors, two of them in 2021 even as she was winding down her playing commitments.

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