Last June, the PGA Tour and the Saudi Arabia Public Investment Fund-backed LIV Golf announced a proposed union that would combine their "commercial businesses and rights into a new, yet-to-be-named for-profit company," as noted by Lillian Rizzo of CNBC.
Four months later, it appears that quest is in "significant doubt" of getting done before their self-imposed Dec. 31 deadline to complete the move, per A.J. Perez of Front Office Sports, who wrote the two sides "have barely progressed since the June announcement."
"While the parties could extend the deadline by mutual agreement, sources with knowledge of the situation told Front Office Sports there is so little progress by this point that extending the deadline would likely be pointless," Perez stated.