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Report: PGA Tour meeting of PIF representatives in New York on Friday

PGA: TOUR Championship - Final RoundAugust 28, 2022; Atlanta, Georgia, USA; PGA Commissioner Jay Monahan presents the FedEx Cup trophy to Rory McIlroy during the final round of the TOUR Championship golf tournament. Mandatory credit: Adam Hagy-USA TODAY Sports

Representatives of the PGA Tour will personally meet Yasir Al-Rumayyan, governor of the Saudi Public Investment Fund, on Friday as the two sides try to move closer to finalizing their partnership, Golfweek reported.

The meeting will take place in New York and will be the first time the parties have met in person since March, according to the report. They announced a framework agreement last June to establish a joint for-profit company.

The PIF is the money behind LIV Golf, which lured stars away from the PGA Tour with multimillion-dollar deals and the promise of lucrative tournament prizes.

Rory McIlroy told reporters in Dublin, Ohio, where he is playing in the Memorial Tournament, that he would participate in the meet remotely. McIlroy is a member of the PGA Tour transactions subcommittee, which negotiates with the PIF.

Other members include players Tiger Woods and Adam Scott, commissioner Jay Monahan and Boston Red Sox owner John Henry, who has invested in the PGA Tour through the Strategic Sports Group.

“There are going to be people in that room on the PGA Tour side who are going to lead the charge,” McIlroy told reporters, per USA Today. “And it won’t be Adam, Tiger or me. It will be the business people. We’re there to maybe give a perspective from a player’s perspective.

“This is negotiating an investment in the PGA Tour Enterprises, this is big boy stuff. And I will certainly be listening more than talking.”

–Field-level media

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