{"id":1249530,"date":"2024-02-15T09:59:23","date_gmt":"2024-02-15T09:59:23","guid":{"rendered":"https:\/\/golftoday.co.uk\/tiger-woods-believes-pga-tour-can-do-without-pif-deal-after-ssg-investment\/"},"modified":"2024-02-15T13:55:41","modified_gmt":"2024-02-15T13:55:41","slug":"tiger-woods-believes-pga-tour-can-do-without-pif-deal-after-ssg-investment","status":"publish","type":"post","link":"https:\/\/golftoday.co.uk\/tiger-woods-believes-pga-tour-can-do-without-pif-deal-after-ssg-investment\/","title":{"rendered":"Tiger Woods believes PGA Tour can do without PIF deal after SSG investment"},"content":{"rendered":"

Tiger Woods believes the PGA Tour does not need to strike a deal with Saudi Arabia\u2019s Public Investment Fund (PIF) in a move which could end golf\u2019s civil war.<\/p>\n

PGA Tour players will benefit from equity of more than \u00a31.1billion after the US-based circuit secured an investment deal with Strategic Sports Group (SSG).<\/p>\n

The deal also allows for a future \u201cco-investment\u201d from the PIF, which bankrolls the breakaway LIV Golf league, but Woods has joined Jordan Spieth in suggesting that may no longer be necessary.<\/p>\n

An initial \u201cframework agreement\u201d between the PIF, PGA Tour and DP World Tour was announced on June 6 last year and had a deadline of December 31, but that was subsequently extended.<\/p>\n

\u201cUltimately we would like to have PIF be a part of our tour and a part of our product,\u201d Woods said in a press conference ahead of the Genesis Invitational, his first tournament of 2024.<\/p>\n

\u201cFinancially, we don\u2019t right now, and the monies that they have come to the table with and what we initially had agreed to in the framework agreement, those are all the same numbers.<\/p>\n

\u201cAnything beyond this is going to be obviously over and above.\u201d<\/p>\n

<\/p>\n

\"Tiger
Tiger Woods looks on as he warms up on the practice range prior to the Genesis Invitational pro-am (Ryan Kang\/AP)<\/figcaption><\/figure>\n

<\/p>\n

Asked if he had a sense of what PIF\u2019s ultimate goal was, Woods added: \u201cFrom what their representatives have discussed with us, yes and no, because that changes and that evolves from a few months ago to what it is currently now.<\/p>\n

\u201cI don\u2019t know if it\u2019s good or bad, it\u2019s an ongoing, fluid process.\u201d<\/p>\n

Woods was one of six PGA Tour player-directors who voted unanimously in favour of the deal with SSG, a consortium of US-based investors which includes Boston Red Sox and Liverpool owner John Henry.<\/p>\n

\u201cThe consortium that they have at SSG, the partners that have come together to be a part of this group is quite remarkable to be honest with you in the sports industry,\u201d the 15-time major winner said.<\/p>\n

\u201cThey\u2019re unbelievable leaders. At the time that we need great leadership going forward, I think this elicits that.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

No final deal has been agreed despite a \u201cframework agreement\u201d being announced nine months ago.<\/p>\n","protected":false},"author":2,"featured_media":1249531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":3,"footnotes":""},"categories":[4],"tags":[9051],"class_list":["post-1249530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pa-news"],"yoast_head":"\nTiger Woods believes PGA Tour can do without PIF deal after SSG investment<\/title>\n<meta name=\"description\" content=\"No final deal has been agreed despite a \u201cframework agreement\u201d being announced nine months ago.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/golftoday.co.uk\/tiger-woods-believes-pga-tour-can-do-without-pif-deal-after-ssg-investment\/\" \/>\n<meta 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