Report: PGA TOUR rejects PIF's $1.5B investment offer
Reunification at golf's highest level doesn't appear close.
The PGA TOUR rejected a $1.5-billion investment offer from Saudi Arabia's Public Investment Fund, the company that funds LIV Golf, reports The Guardian's Ewan Murray.
As part of the offer, PIF wanted a guarantee that LIV Golf could continue to operate and that its governor, Yasir al-Rumayyan, could serve as co-chairman of PGA TOUR Enterprises, the league's new commercial entity, Murray adds. The PGA TOUR reportedly deemed neither of those requests as acceptable in its response.
Scott O'Neill - who was appointed as LIV Golf's new CEO in November - said Thursday that a deal with the PGA TOUR can still work but isn't necessary.
PGA TOUR commissioner Jay Monahan said in March that his circuit won't compromise the essence of golf just to get a deal done with the Saudis.
That, essentially, leaves the two sides at a standstill.
The PGA TOUR ratings were reported to be up 16% in 2025 back in March, which, in theory, could provide leverage in negotiations with PIF. LIV Golf, however, has struggled to increase viewership despite signing a lucrative TV deal with Fox Sports in January.
Several prominent PGA TOUR golfers jettisoned to LIV after its incarnation in 2022, including major champions Phil Mickelson, Dustin Johnson, Bryson DeChambeau, Brooks Koepka, Patrick Reed, and Jon Rahm. Joining the rival circuit has prohibited them from playing in events sanctioned by the PGA TOUR.
PIF, the PGA TOUR, and the DP World Tour announced a groundbreaking merger deal in 2023, but little progress has been made since.