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Because the inaugural mixed-team Grant Thornton Invitational was nearing conclusion, the PGA Tour Coverage Board up to date its membership on the continued negotiations for the way forward for the Tour.
A narrative posted on pgatour.com mentioned: “The PGA Tour Coverage Board has unanimously chosen an out of doors funding group to additional negotiate with as talks with the PIF proceed to progress. The choice to advance discussions with Strategic Sports activities Group (SSG) was introduced Sunday in a memo to Tour members.”
Golf Channel’s Rex Hoggard first reported the memo the board despatched Sunday.
The memo states that the board has been reviewing proposals over the previous few days and that negotiations with SSG will proceed. SSG is headlined by Fenway Sports activities Group however consists of Marc Attanasio, Arthur Clean, Gerry Cardinale and Cohen Non-public Ventures.
This has not shut the door on Saudi Arabia’s Public Funding Fund because the board wrote that “we anticipate advancing our negotiations with PIF within the weeks to come back.”
The PGA TOUR Coverage Board has agreed to advance negotiations with Strategic Sports activities Group and proceed PIF negotiations.
MORE: https://t.co/dfvbgtYzV9
— PGA TOUR (@PGATOUR) December 10, 2023
The memo additionally says the board is “assured in an eventual, constructive final result for all gamers and the PGA Tour as an entire.”
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