Jay Monahan Is Attempting to Pull an Unprecedented Stunt With the PGA Tour-PIF Merger; a Nearly Impossible Task Per Reports

The $3 billion merger has seen its fair share of ups and downs. The recent extension of the deadline does, however, offer some promise for the future, but it seems unavoidable to question whether that is all there is to it. This appears to be especially the case when we throw SSG and PIF and look at the whole picture.

Although the target date was initially set at December 31, Jay Monahan went ahead to extend the same all the while sharing developments in a recent memo. However, as the commissioner provided the community with an update, one can’t help but wonder if he is trying to pull nothing sort of an impossible task with the negotiations!

Is Jay Monahan and the PGA Tour reaching for the stars?

The partnership between LIV Golf and the PGA Tour has come a long way ever since it was announced in June last year. Moreover, the policy board has been especially active in its discussions with the DP World Tour, Strategic Sports Group, and the Public Investment Fund in a bid to make them co-investors in the PGA Tour Enterprise. But, how much it has advanced? That is truly a question to be looked at.

While the negotiations do take place, curiosity naturally arises as to the practicality of the two financial groups working together. Besides, extending the deadline does paint a picture of Monahan trying to pull off an impossible task of bagging both SSG and PIF as opposed to just one of them.

Well, the group headed by Fenway Sports not investing in any Saudi-backed leagues in the past does throw concern over the whole negotiation. In addition, the company founded by Evan Gitomer partnering with a lot of sports, from the NFL to the NBA, coupled with the amount of time to reach a deal between the three golfing bodies does showcase a cause for worry over the two financial groups working side by side.

Monahan’s recent comments did indicate how the whole discussion is still a work in “progress.” Nevertheless, the commissioner’s announcement did act as a piece of good news for the community who were awaiting news regarding the deadline.

Monahan shares update on PGA Tour-LIV Golf merger

The official mentioned how a lot of “meaningful progress” has been made in the negotiations with SSG and PIF. Moreover, he went ahead to dub the above discussions as “active and productive” all the while divulging how the deal is in its last stages, finalizing terms and documents.

ALSO READ – As LIV Golf TV Ratings Come Under Scrutiny Yet Again, Will Jon Rahm Become Their Beacon of Hope in 2024?

But more importantly, the 53-year-old made sure to express the golfing body’s “goal relative” – none other than bringing SSG, PIF, and DP World Tour together as “minority co-investors.” Adding on, he pointed out how it would in the end “benefit the players, fans and sponsors.” Well, after taking a close look at the commissioner’s comments along with the history of the SSG, it does illustrate an attempt to pull off a close-to-impossible task by the official. Nevertheless, he would have his fingers crossed all the same!

Watch This Story | Weeks after Greg  Norman’s LIV ladies series comment LGPA Commissioner clears the air on rumors were really bullish