LIV merger on shaky ground Archived Message Posted by jdl on October 20, 2023, 16:11:00, in reply to "Pro golf thread" https://frontofficesports.com/pga-tour-liv-golf-partnership-remains-uncertain-as-deadline-approaches/ Pro golf’s grand merger is in significant doubt. The preliminary partnership agreement between the PGA Tour, DP World Tour, and LIV Golf’s financial backer, the Saudi Public Investment Fund, announced in June included a Dec. 31 deadline to complete the transaction. While the parties could extend the deadline by mutual agreement, sources with knowledge of the situation told Front Office Sports there is so little progress by this point that extending the deadline would likely be pointless. The PGA Tour has been working closely with Endeavor, Fenway Sports, and others to replace the up to $2 billion PIF would have committed if the deal were completed. And, if the partnership falls through, PIF is ready to utilize those funds — and potentially more — to boost LIV, as stated by one source. One option is restarting the big-money offers to PGA Tour players as LIV did before its 2022 launch. Two sources said that the main roadblock is the PGA Tour’s policy board, which wasn’t presented as such to PIF governor Yasir Al-Rumayyan. When the framework was announced, there was an even split between players and independent members on the policy board. Then Tiger Woods was added to the policy board over the summer, giving the players the means to nix the deal. Message Thread: Pro golf thread - jdl October 20, 2023, 14:34:53 Hardy had a decent couple tournaments going until the R3 meltdown last week* - gvibes October 20, 2023, 16:52:15 Campbell and Kuhl join at stage 2 also i think* - John Coctostan October 20, 2023, 16:13:48 Most likely - jdl October 20, 2023, 16:19:54 LIV merger on shaky ground - jdl October 20, 2023, 16:11:00   Searching