[ad_1]
AUGUSTA, Ga. — Tiger Woods mentioned negotiations between the PGA Tour and Saudi Arabia’s Public Funding Fund are headed in the suitable route.
Following his final-round 5-over 77 at Augusta Nationwide Golf Membership on Sunday, Woods was requested about assembly Yasir Al-Rumayyan, the top of the Public Funding Fund of Saudi Arabia, at his residence within the Bahamas on March 18.
“I don’t know if we’re nearer, however actually we’re headed in the suitable route,” he mentioned. “That was a really constructive assembly, and I feel either side got here away from the assembly feeling constructive.”
It was on June 6 that PGA Tour Commissioner Jay Monahan and Al-Rumayyan surprised the world with information that they’d signed off on a framework settlement to cease litigation and create a for-profit enterprise collectively. However the deadline to make a deal by the tip of the yr was prolonged and progress has been sluggish because the Tour targeted on drafting new governance insurance policies and solid a relationship with the non-public fairness group SSG, who made an preliminary funding in PGA Tour Enterprises of at the least $1.5 billion.
Woods and Al-Rumayyan performed golf on the Albany course close to Nassau the place Woods hosts the Hero World Problem.
The assembly included all six participant administrators. Along with Woods, Patrick Cantlay, Peter Malnati, Adam Scott, Webb Simpson and Jordan Spieth have been additionally there, together with board liaison Joe Ogilvie.
[ad_2]
Source link
