Woods in New Talks for $1 Billion Golf Deal

Tiger Woods and other PGA Tour officials are in New York this week for multi-day negotiations with representatives from Saudi Arabia's Public Investment Fund (PIF), aiming to finalize a deal that could see PIF invest over $1 billion into PGA Tour Enterprises. The framework agreement, originally announced on June 6, 2023, aims to unify professional golf by merging the PGA Tour and LIV Golf. Despite the initial December 31, 2023, deadline passing without a finalized deal, both sides remain committed to ongoing discussions. The timing of the meetings has drawn criticism from 9/11 Justice, a group accusing the Saudi government of involvement in the 9/11 attacks, especially given the proximity to Ground Zero and the anniversary of the attacks. PGA Tour Commissioner Jay Monahan has emphasized that while negotiations are complex, they are progressing productively.