PGA Tour Extends Merger Talks to 2024

Negotiations between the PGA Tour and Saudi Arabia's Public Investment Fund for the formation of PGA Tour Enterprises has been extended to 2024. Private equity is playing a key role in the deal, which could see over $7bn invested, with the PGA Tour retaining operational control. The deal is under scrutiny due to human rights concerns tied to the Public Investment Fund, chaired by Crown Prince Mohammed bin Salman. Meanwhile, rival golf tour LIV Golf, also backed by the Public Investment Fund, has signed high-profile golfers Brooks Koepka, Bryson DeChambeau, and Jon Rahm.