{"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