Jay Monahan gives update on "accelerating" PIF merger negotiations
The PGA Tour commissioner made a rare public statement, confirming that the ongoing PIF and PGA Tour merger is still moving ahead.
PGA Tour commissioner Jay Monahan has confirmed that merger negotiations with the Saudi Public Investment Fund are still moving ahead, and conversations have been held to accelerate the process.
Speaking to the media ahead of this week's 50th anniversary Players Championship, Monahan faced a barrage of questions about the PIF and the PGA Tour.
Discussing the ongoing merger between the two organisations, Monahan insisted that while the conversations are being held, the details must remain confidential for the time being.
Monahan did, however, confirm that he had travelled to Saudi Arabia in January to meet with Yasir Al-Rumayyan, the governor of the PIF to speed up proceedings.
Monahan cut a frustrated figure but did indulge the media with some small details.
He said:
When questioned about a potential return to PGA Tour action for LIV golfers, Monahan once again thanked journalists for their interest but refrained from divulging any details about the situation.
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