Decisive Day Looms: Tiger Woods Updates on PGA Tour-Saudi Negotiations

While taking part in the PNC Championship, Tiger Woods gave an update on the PGA Tour Policy Board’s negotiations with outside entities to fund a for-profit golf organization.

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That includes Strategic Sports Group (SSG) – a consortium of sports-team owners led by Fenway Sports Group – and the Saudi Arabia Public Investment Fund (PIF), which entered into a framework agreement with the PGA Tour and DP World Tour on June 6.

“We’re trying to get a deal done with all of the different entities that we have going on here. SSG has come into the mix now. But we still have until the 31st,” Woods said.

Tiger Woods said on Saturday that the PGA Tour aims to reach a definitive deal to complete its partnership with Saudi Arabia’s Public Investment Fund (PIF) before their self-imposed Dec. 31 deadline. https://t.co/Tx9QHzpWFk https://t.co/Tx9QHzpWFk

— Reuters Sports (@ReutersSports) December 17, 2023

Dec. 31 is the deadline for the framework agreement to be finalized. PGA Tour commissioner Jay Monahan, who is reportedly meeting with PIF governor Yasir Al-Rumayyan this week, said that the end-of-the-year deadline is a “firm target.”

However, in the language of the framework agreement, the deadline could be pushed if both parties agree to it. It states that the framework agreement would be terminated on Dec. 31 “unless extended by mutual consent of the parties.”

In his comments, Woods hinted at the door being left open for such a move.

“As of right now, that is our time frame and our deadline. That was set forth back in early June, and that hasn’t changed,” Woods said.

On the course, it was a productive month for Woods, who competed at the Hero World Challenge and finished fifth with son Charlie at the PNC.

Proud dad moment from Tiger Woods 🥹

pic.twitter.com/E5lblPvkK7

— PNC Championship (@PNCchampionship) December 17, 2023