Published By: Siddarth Sriram
Last Updated: December 17, 2023, 19:24 IST
United States of America (USA)
Tiger Woods (Credit: Twitter)
The PGA Tour, scrambling to finalise its merger plans forward of the deadline, stated it will proceed with talks with US-based mostly Strategic Sports Group(SSG) who may are available as a co-investor.
Tiger Woods stated on Saturday that the PGA Tour goals to succeed in a definitive deal to finish its partnership with Saudi Arabia’s Public Investment Fund (PIF) earlier than their self-imposed Dec. 31 deadline.
Woods, who joined the PGA Tour board in August, confirmed the deadline stays as set in early June, when the 2 events and the European-based DP World Tour introduced a merger, though the perimeters may agree to increase the date.
The Saudi PIF is the primary monetary backer of the PGA Tour’s current rival LIV Golf.
BREAKING: Tiger Woods Could Now Influence the Saudi’s LIV Golf Takeover of the PGA Tour.This is a few fairly large information for the PGA tour, which in June introduced a takeover from LIV Golf, the Saudi-owned Golf Tour.
– Players this week fought again and demanded that the PGA Tour… pic.twitter.com/VZlNHEyyS3
— Brian Krassenstein (@krassenstein) August 1, 2023
“As of right now, (Dec. 31) is our time frame and our deadline. That hasn’t changed,” Woods instructed a press convention in Florida.
“We’re trying to get a deal done with all of the different entities that we have going on here. SSG has come into the mix now.”
The PGA Tour, scrambling to finalise its merger plans forward of the deadline, stated it will proceed with talks with US-based mostly Strategic Sports Group(SSG) who may are available as a co-investor.
SSG contains Fenway Sports Group, house owners of Major League Baseball’s Boston Red Sox and Premier League membership Liverpool. It additionally contains funding agency Cohen Private Ventures, New York Mets proprietor Steve Cohen’s household workplace and personal fairness agency HighPost Capital.
“Well, they (SSG) obviously have a lot of equity and a lot of name investors that have the same alignment that we have, and we are all heading in the right direction,” Woods added.
The 15-time main winner, who made his return to aggressive golf on the Hero World Challenge within the Bahamas final month, was talking after enjoying the opening spherical of the PNC Championship alongside together with his son Charlie in Florida.
Woods declined to touch upon the state of affairs of Masters champion Jon Rahm becoming a member of LIV Golf, the most important identify to change to the Saudi-backed match.
“There’s been a lot of talk over the years of certain players going, and it was speculation until it happened,” Woods stated.
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – Reuters)
