CROMWELL, Conn. – Negotiations proceed with Saudi Arabia’s Public Funding Fund however an settlement between the PIF and the PGA Tour remains to be elusive, in response to a memo despatched to gamers late Tuesday.
The Tour’s coverage board met Tuesday on the Vacationers Championship and regardless of hypothesis {that a} cope with the PIF was imminent, there have been no indicators of a breakthrough.
“We’re making progress,” the memo to gamers learn. “Two weeks in the past, members of our PGA Tour Enterprises transaction subcommittee met in New York with [PIF governor] Yasir Al-Rumayyan. Throughout that assembly, we reached consensus on a number of gadgets, however each events acknowledge that there’s nonetheless work to do to succeed in a remaining settlement.
“Our talks are ongoing, with the objective of creating a shared imaginative and prescient for the way forward for skilled golf that’s pro-competitive and gives gamers with the very best international alternatives.”
The board did, nevertheless, approve quite a few new initiatives together with a particular exemption into signature occasions for Tiger Woods.
“A further sponsor exemption will likely be created to acknowledge Tiger Woods in his personal class as a participant who has reached an distinctive lifetime achievement threshold of 80 [plus] profession wins,” the memo learn.
Woods performed the Genesis Invitational, which he hosts, on a sponsor exemption this 12 months however the brand new class creates an exemption into each signature occasion if he chooses to play.
The board additionally accepted a proposal that might create an alternate checklist for signature occasions to guarantee a 72-player area measurement. “The alternate checklist will likely be created from the following out there gamers so as from the Aon Subsequent 10 Checklist following the dedication deadline on Monday of match week,” the memo learn.
