The merger framework settlement between the PGA Tour and Saudi Arabian PIF is due within the subsequent three weeks. After the shock merger was introduced in June earlier this yr, talks between each entities have been ongoing to achieve a consensus for the newer, larger for-profit entity that they hope to kind.

Amidst all of the chaos, Fenway Sports Group has now reportedly entered into negotiations with the PGA Tour for a stake within the upcoming for-profit golf entity. Fenway Sports Group is anticipated to speculate a complete of $3.5 billion within the entity provisionally generally known as the PGA Tour Enterprises, with a complete valuation of $12 billion. The talks and phrases of the deal have been undisclosed, paying homage to most selections made this yr in professional golf.

Webb Simpson, a member of the PGA Tour Policy Board, said in response to the New York Times:

“I’ve learned that any great board, you need disagreement in order to get to the best solution, and we’ve had many disagreements this year — even the players have had disagreements. But we’re trying to all get to a better place.”

PGA Tour advances talks with Fenway Sports Group amidst rising scrutiny and deadlines

The PGAT reportedly narrowed its alternative right down to Fenway Sports Group for exterior funding amidst the talks with the Saudi Arabian PIF. The new entity can be an amalgamation of the PGAT, LIV Golf and the DP World Tour.

According to Sky Sports, the PGA Tour Policy Board wrote to gamers in an electronic mail:

“We also anticipate advancing our negotiations with PIF in the weeks to come. Please know that while we can’t get into more details at this time, we are very confident in an eventual, positive outcome for all players and the PGA Tour as a whole.”

This information comes simply days after World No. 3 Jon Rahm determined to make a surprising shift to the LIV Golf Series in an enormous blow to the PGA Tour. Needless to say, the way forward for golf is presently in a grey space, particularly for the gamers.