A PGA TOUR logo is seen after play was suspended due to severe storms during the third round of THE PLAYERS Championship held at THE PLAYERS Stadium course at TPC Sawgrass on May 14, 2011 in Ponte Vedra Beach, Florida.
Streeter Lecka | Getty Images
PGA Tour and LIV Golf are working to extend their proposed merger deadline, which was originally set at Dec. 31, Commissioner Jay Monahan told players in a memo on Sunday.
“While we had initially set a deadline of December 31, 2023, to reach an agreement, we are working to extend our negotiations into next year based on the progress we have made to date,” according to the memo obtained by CNBC.
Monahan told players their goal for 2024 is to reach agreements with Strategic Sports Group (SSG), the Public Investment Fund (PIF) and DP World Tour, bringing them on board as minority co-investors in PGA Tour Enterprises.
The PGA Tour recently announced that it was in the final round of negotiations with a coalition of U.S. investors, called…
2024-01-01 00:53:48
Post from www.cnbc.com
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