Ahead of Monday’s meeting between Saudi Public Investment Fund and player directors on the PGA Tour, Patrick Cantlay offers the most recent update.
Prior to the PGA Tour and PIF discussions, Patrick Cantlay makes an unexpected disclosure.
Prior to the most recent meeting on Monday, Patrick Cantlay disclosed that the ongoing shock merger negotiations between the Saudi Public Investment Fund (PIF) and the PGA Tour are still far from over.
After Sunday’s Players Championship final round, Cantlay told Sports Illustrated that PGA Tour player directors and PIF officials would be meeting on Monday, March 18, to discuss unifying the game in preparation for the introduction of LIV Golf in 2022.
The deadline, which was originally scheduled for December 31, 2023, has been extended as negotiations between the Saudi PIF, which is led by governor Yasir Al-Rumayyan, and the PGA Tour, the LIV Golf’s bankrollers, continue.
Before the PGA Tour vs PIF match, Patrick Cantlay makes an unexpected revelation.
Other than stating that it was happening less than a day after Scottie Scheffler became the first player in history to defend the PGA Tour’s main event at storied TPC Sawgrass, Cantlay did not disclose who would be attending or the meeting’s location.
The PGA Tour policy board includes the former FedEx Cup winner in addition to Tiger Woods, Adam Scott, Jordan Spieth, Webb Simpson, and Peter Malnati as player directors.
This season, Rory McIlroy announced his resignation from the PGA Tour as a player director. However, he clarified that Woods, the 15-time major champion, must attend the meeting on Monday in order for the talks with PIF to proceed.
In addition, McIlroy took aim at Greg Norman, the CEO of LIV Golf, stating that he believed he had done Al-Rumayyan a “disservice.”
Before the PGA Tour vs PIF match, Patrick Cantlay makes an unexpected revelation.
Prior to The Players Championship last week, PGA Tour commissioner Jay Monahan stated that negotiations with PIF were “accelerating.”
Two months have passed since Strategic Sports Group completed a $3 billion investment in PGA Tour Enterprises, when Monahan made his remarks.
Recently, Woods was appointed vice chairman of PGA Tour Enterprises.
The PIF may still become a minority investor in PGA Tour Enterprises in accordance with the terms of their ongoing framework agreement with the PGA Tour, as has been the intention since the shocking announcement on June 6, 2023.
Before the PGA Tour vs PIF match, Patrick Cantlay makes an unexpected revelation.
Prior to the most recent meeting between PIF and the player directors of the PGA Tour on Monday, Cantlay spoke with Sports Illustrated and stated:
“Well, I have to listen to what they have to say, and anytime I am in a meeting in that role, I will always try to speak for the whole membership. I always believe that more information is preferable.
Although PGA Tour CEO Monahan stated to the media last week that negotiations with PIF were “accelerating” constantly, Cantlay acknowledged the agreement was still far from finalized, unlike SSG.
“I’m not even sure we’ve arrived at that stage yet. I therefore don’t want to speak before I’m ready and say something that might turn out differently.
Cantlay further stated:
“If it didn’t happen, we would continue in a paradigm that is comparable to what we are currently experiencing. Pros and cons, in my opinion.
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