A deal between the PGA Tour and LIV Golf is not expected by Dec. 31, but the deadline is expected to be extended as the two entities reportedly appear within sight of making a deal.
The Telegraph reports that the PGA Tour is expected to announce an extension to the deadline, with an unnamed leading industry figure saying a deal by the Sunday deadline has “no chance” but that there may be a deal “by the end of March.”
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The initial framework announced in June calls for a new unnamed entity to be created as a joint venture between the PGA Tour, DP World Tour, and the Saudi-backed LIV Golf. PGA Tour Inc., a tax-exempt organization, would remain in place and retain “administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events,” separate from the joint entity.
“After two years of disruption and distraction, this is a historic day for the game we all know and love. This transformational partnership recognizes the immeasurable strength of the PGA TOUR’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV — including the team golf concept — to create an organization that will benefit golf’s players, commercial and charitable partners and fans,” PGA Tour Commissioner Jay Monahan said in a statement when the framework was announced.
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The proposed deal came after years of feuding between the PGA Tour and LIV Golf, and it was one of the biggest stories out of the sports world in 2023.
Even as the two sides continue to negotiate, LIV Golf was able to snag Jon Rahm from the PGA Tour earlier this month with a reported deal that will see him earn more than $300 million.
