The PGA Tour Policy Board sent out a two-page memo to the Tour’s members l encouraging unity and a willingness to negotiate with potential investors amid a flurry of rumors that suggest that LIV Golf is looking to add to its player pool.
Following the second round of the Hero World Challenge in Albany, Bahamas, Tiger Woods, Jordan Spieth, Charley Hoffman, Patrick Cantlay, Webb Simpson and Peter Malnati – the board’s player directors – distributed the memo, addressing “speculation in our game” while providing updates on talks with Saudi Arabia’s Public Investment Fund.
Adam Scott also signed off on the letter. Scott is set to replace Hoffman at the beginning of 2024.
“With the 2024 season just around the corner and with so much speculation in our game, we wanted to speak to you directly,” the memo said. “Since Tiger joined the policy board on August 1, the player directors have been doing everything we can to ensure the PGA Tour is best positioned to thrive for decades to come.
“We have learned a lot, and we are encouraged by progress on multiple fronts.”
As outlined in a framework agreement, Saudi Arabia’s PIF is supposed to complete an investment agreement with the PGA Tour by the end of 2023.
The Saudi PIF finances LIV Golf, which has gotten stars like Dustin Johnson, Brooks Koepka and Phil Mickelson to jump ship and make the move from the PGA Tour.
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