With the year’s first major upcoming, it appears golf’s civil war is no closer to ending.
Both the Guardian and ESPN reported that the PGA Tour earlier this week rejected the latest proposal from the Public Investment Fund of Saudi Arabia.
The proposal from the PIF, according to reports, would have seen the Saudis invest $1.5 billion into PGA Tour Enterprises while allowing LIV to continue in its current form and elevate PIF governor Yasir Al-Rumayyan to co-chairman of the Tour’s new for-profit arm. Currently, Joe Gorder, the former CEO of Valero, serves as chairman of the Enterprises board, while Tiger Woods is the vice chairman.