MIAMI: PGA Tour chief Jay Monahan said Tuesday talks with the ŗ£½ĒÖ±²„n backers of LIV Golf were āacceleratingā but was tight-lipped on how the proposed joint venture between the two bodies would work.
Speaking to reporters ahead of this weekās Players Championship, Monahan said negotiations with ŗ£½ĒÖ±²„ās Public Investment Fund (PIF) were progressing.
However, Monahan said several ākey issuesā remained to be resolved and that hammering out a deal would ātake time.ā
āAs Iāve said on a number of occasions, you canāt negotiate a deal like this in public, so I will be brief,ā Monahan said.
āI recently met with the governor of the PIF, Yasir Al-Rumayyan, and our negotiations are accelerating as we spend time together.
āWhile we have several key issues that we still need to work through, we have a shared vision to quiet the noise and unlock golfās worldwide potential.ā
The emergence of the Saudi-funded LIV Golf, which has lured top PGA Tour players with huge signing on fees and lucrative limited field tournaments, has split the golf world.
Monahan, however, shocked the sporting world last June by announcing that the PGA Tour had agreed a tie-up with LIVās backers, the PIF, in a stunning U-turn that followed secret negotiations.
The precise detail of how the new venture between the PGA Tour and PIF will work remains shrouded in mystery. An initial December 2023 deadline to agree a deal came and went as negotiations continue.
Since then more players have left the PGA Tour to join LIV, most notably Spanish star Jon Rahm, the reigning Masters champion who opted to join the upstart circuit in December.
Monahan, who has faced criticism for his handling of the crisis, declined to comment on the question of whether players who left for LIV would be welcomed back to the PGA Tour.
āWeāve made and continue to make real progress in our negotiations and our discussions with the PIF,ā Monahan said.
āBut it really is not in the best interest of the PGA Tour and our membership and for PIF for me to be talking about where we are with specific elements of our discussions.ā
Monahan added, however, that the eventual goal was to unify the sport so that all of the worldās best players were participating on one circuit.
āAs a board and as an organization, weāre committed to trying to get to a place where there is unification,ā Monahan said.
World No. 1 Scottie Scheffler, who will attempt to defend his Players title this week, meanwhile, said he had no plans to join the exodus to LIV Golf.
āIām not going to sit here and tell guys not to take hundreds of millions of dollars,ā Scheffler said. āIf thatās what they think is best for their life, then go do it ... But at the end of the day, this is where I want to be, and what theyāre doing is not really a concern to me.ā
Monahan also declined to say whether the new joint PGA Tour-PIF venture would feature LIVās team golf concept.
āThere are a lot of things that weāre talking about, team golf being one of them, but Iām not at liberty to talk about the specifics,ā Monahan said. āI just donāt think thatās helpful for what weāre trying to accomplish together.ā
Monahan urged rank-and-file PGA Tour members opposed to allowing LIV players back on to the circuit to be flexible, but acknowledged that any eventual agreement was unlikely to be universally popular.
āWhen youāre in a negotiation like this and youāre in a time like this, it requires open-mindedness, it requires flexibility, and it requires a long-term view and a long-term vision,ā Monahan said.
āBut however we end up, I think that weāre not going to be able to satisfy everyone, and that goes for both sides.
āBut what weāre trying to do is to get to the best possible outcome again for the Tour and for the game, and I do think that thatās achievable.ā