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Is the PGA Tour selling its soul for a $2 billion investment from Saudi Arabia's PIF?

The golf wars between the PGA Tour and LIV Golf may finally be subsiding. According to reports, Saudi Arabia’s Public Investment Fund (PIF) is poised to pay approximately $2 billion to join the PGA Tour, effectively ending the divisive saga. This significant investment would grant the PIF considerable influence, including an 11% stake in the PGA Tour and two seats on the board, one of which would be the chairman position.

The merger, announced in June last year, has been stalled due to negotiations over scheduling, travel, and financial penalties for LIV defectors. However, recent public displays of unity between PGA Tour commissioner Jay Monahan and PIF chairman Yasir Al-Rumayyan suggest progress. Notably, golf legends Tiger Woods and Rory McIlroy are reportedly playing key roles in finalizing the deal, which will be put to a vote by PGA Tour players.

Recently, Michael Kim opened up about the potential PGA Tour and LIV Golf merger on the latest episode of the Smylie Kauffman show, and let’s just say he’s skeptical. He thinks it’s unlikely that everything will just go back to normal, with all the golfers playing nice and cozy together. “Like, to be completely honest, I have no idea how these negotiations are going, but we need to talk about it. But, just picking up crumbs here and there, talking to some of the other guys… I have a hard time believing it’s just going to be back to normal”, said the golfer.

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Many guys, including John Rahm and Bryson DeChambeau, have seen their eligibility from past tournament wins expire, which limits their options. “From the PGA Tour perspective, they really only want probably Bryson, John Rahm, Cam Smith… there’s only a few select guys they want back”, he continued.  The PGA Tour only wants a select few back, and even then, it’s unclear what that would look like. If a deal happens, Michael Kim thinks LIV Golf will keep doing its own thing, with some crossover events.

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via Reuters

Earlier this year, Kim had also shared his takes on the merger but interestingly, his views earlier were a lot different.

Micheal Kim says he doesn’t ‘care much’ about the PGA Tour- LIV merger

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Not long ago, Michael Kim shared some interesting takes on the potential merger between the PGA Tour and LIV Golf, highlighting the struggles both organizations face in finding common ground. Kim’s brutally honest opinions reflect the frustration many golfers feel about the uncertainty surrounding their future in the sport. On social media platform X, Kim expressed his skepticism about the merger, stating, “Do I want a deal? My short answer is no, but I don’t care much.”

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Is the PGA Tour selling its soul for a $2 billion investment from Saudi Arabia's PIF?

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The 31-year-old South Korean golfer emphasized that a merger wouldn’t significantly impact his career or earnings, as he remains loyal to the PGA Tour. Kim believes a merger would primarily benefit top players who stand to earn more money, citing LIV Golf’s financial advantage. However, he questions how finances would be handled in a potential merger, wondering if it would favor elite players. Kim wrote, “Whether the tour and LIV make a deal or not, it will not affect my bottom line… It won’t change my schedule in the slightest bit and won’t change my earnings.” What are your thoughts on the potential merger? Let us know in the comment section below!

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