Tiger Woods shares ideas over Saudi deal after PGA Tour strike settlement

Tiger Woods believes the PGA Tour can get by with out an settlement with Saudi Arabia’s Public Investment Fund (PIF), in a transfer that might convey an finish to golf’s civil struggle. Players on the American circuit are actually set to achieve from fairness exceeding £1.1billion, due to an funding take care of Strategic Sports Group (SSG).

The contract additionally permits for a proposed “co-investment” from PIF, which funds the LIV Golf league. However, each Woods and Jordan Spieth really feel this will not be required.

A preliminary “framework agreement” between PIF, the PGA Tour, and DP World Tour was revealed on June 6 final yr with a December 31 deadline, however this was later prolonged.

Talking in a press convention earlier than the Genesis Invitational, his first match of 2024, Woods shared: “Ultimately we would like to have PIF be a part of our tour and a part of our product.

“Financially, we do not proper now, and the monies that they’ve come to the desk with and what we initially had agreed to within the framework settlement, these are all the identical numbers.”

Woods further commented: “Anything past that is going to be clearly over and above.” When quizzed if he had any idea about what PIF’s goal was, he replied: “From what their representatives have mentioned with us, sure and no, as a result of that adjustments and that evolves from a number of months in the past to what it’s at present now.

“I don’t know if it’s good or bad, it’s an ongoing, fluid process.”

Woods, considered one of six PGA Tour player-directors, voted unanimously in favour of the take care of SSG – a gaggle of US-based buyers which incorporates Boston Red Sox and Liverpool proprietor John Henry.

“The 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,” added the 15-time main winner.

“They’re unbelievable leaders. At the time that we want nice management going ahead, I believe this elicits that.