PGA-LIV merger negotiations finally come to an end Negotiation deadline extended to April next year

Negotiations for the merger of the PGA Tour and LIV Golf have ended up lasting more than a year.

According to the British Telegraph on the 29th (Korean time), Saudi Arabia's sovereign wealth fund (PIF), which sponsors the PGA Tour and Live Golf, agreed to extend the deadline for negotiations, originally scheduled for the end of this month, until April next year.

Previously, the PGA Tour and PIF announced the merger of PGA, DP World Tour (European Tour), and Live Golf in a joint statement last June.

Since then, the PGA and PIF have continued to negotiate details, but little progress has been made due to opposition from PGA Tour players.

In addition, the PGA Tour attempted to lower the influence of the PIF by attracting a new investor group, and the PIF countered this by transferring the PGA Tour's star player Jon Lam (Spain) to Live Golf, further deepening the stalemate.

As a result, the original deadline of December 31 of this year was not met and was extended.

The PGA Tour and PIF have postponed the schedule to reach an agreement before the Masters Tournament takes place in April next year. 토토사이트