Pga Tour Rejects 1.5b Offer From Saudi Investment Fund

It doesnt look like the PGA Tour and Saudi Arabias Public Investment Fund PIF will be settling their differences any time soon.

ESPN sources confirmed that the PGA Tour has rejected the PIFs recent offer to invest 1.5 billion into PGA Tour Enterprises. The investment offer came with the provision that the rival LIV Golf league would remain intact.

That reportedly does not work for the PGA Tour, which wants to have the worlds top golfers all competing on one circuit. The PGA Tour replied to the PIFs offer in a letter on Monday, according to The Guardian of London.

We will not do so in a way that diminishes the strength of our platform or the very real momentum we have with our fans and our partners, PGA Tour commissioner Jay Monahan said at last months Players Championship. So while weve removed some hurdles, others remain. But like our fans, we still share the same sense of urgency to get to a resolution.

The two sides met at the White House on February 20.