Jay Monahan and Al-Rumayyan Will Make a Massive Verdict Next Week on the $3B PGA Tour LIV Golf Merger

It’s big news from Jay Monahan! The commissioner of the men’s golfing body had recently faced harsh criticism following his actions regarding the merger and LIV Golf in the golfing community. However, in a huge turn of events, the 53-year-old decided to take a step towards the betterment of the $3 billion dollar alliance between the golfing leagues.

The official, on Wednesday, declared that he will meet with Yasir Al-Rumayyan in a bid to continue talks on the PGAT-LIV Golf merger. Moreover, Monahan made it known that the deadline that was already agreed upon would “remain a target” much to the surprise of the community!

Jay Monahan takes a big step toward PGAT-LIV merger

The PGAT commissioner made the announcement at the New York Times DealBook Summit in New York City. He did so while expressing his desire to hold talks with the governor of the PIF. Moreover, the head of the men’s golfing body conveyed his determination to meet the deadline, as per the framework agreement.

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Elaborating on the same, Monahan said, “We’re having conversations with multiple parties,” as he dubbed December 31 as “a firm target.” Adding on, he stated, “I’ll be with Yasir next week. And we continue to advance our conversations,” indicating the future talks with the governor of the Public Investment Fund.

Moreover, the official also mentioned how “there’s a large number of other interested parties” that are interested in investing in the same, including the likes of Fenway Sports Group and Henry Kravis, the co-founder of investment firm, KKR & Co. The commissioner also made sure to point out how the decision would, ultimately, lead to a better outcome where “the athletes are owners in their sport,” all the while taking “PGA Tour to another level.”

The inception of the Saudi-backed league and the subsequent $3 billion merger saw a tremendous amount of backlash directed its way since its inception in 2021. However, the alliance has recently been in a bit of shaky waters as the deadline for the merger fast approaches in December. And now, the news would come off as nothing short of a breather for many in the golfing world as the two heads come together to discuss the future of the sport.

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