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ORLANDO — Tiger Woods was clear the Dec. 31 deadline for finishing the framework settlement between the PGA Tour and Saudi Arabia’s Public Funding Fund, which funds LIV Golf, is agency.
“As of proper now, that’s our timeframe and our deadline,” he stated. “That was set forth again in early June. And that hasn’t modified.”
Tiger had simply come off the soggy Ritz-Carlton Golf Membership course after he and son, Charlie, shot 8-under 64, seven pictures behind leaders and Bear Lakes residents, Matt Kuchar and his son, Cameron. The 36-hole occasion concludes Sunday.
Tiger is enjoying his second occasion since present process ankle surgical procedure in April. However whereas recovering he elevated his golf obligations when he was added to the board changing into a sixth participant director together with 5 unbiased administrators and one director representing the PGA of America.
Photographs: Tiger and Charlie on the PNC Championship
That board is engaged on finalizing the settlement that was introduced in June. Some studies doubt the 2 sides will come to phrases by the deadline.
“We’re making an attempt to get a deal carried out with the entire completely different entities that we now have happening right here,” Tiger stated. “(Strategic Sports activities Group) has come into the combination now. However we nonetheless have till the thirty first.”
The PGA Tour is in talks with SSG, which might make investments $3 billion into the Tour. By reaching agreements with each SSG and the PIF, the Tour may have a windfall believed to be at the least $5 billion.
SSG is a consortium of U.S. skilled workforce homeowners that features John Henry, Arthur Clean and Wyc Grousbeck.
The Tour’s skill to strike a deal was heightened when Jon Rahm turned the most recent celebrity to defect to LIV. Rahm, ranked No. 3 on the earth, reportedly will earn greater than $550 million between his contract and signing bonuses.
Tiger was requested Saturday for his response when Rahm made his announcement.
“Properly, there’s been plenty of discuss through the years of sure gamers going, and it was hypothesis till it occurred as a result of there’s been rumors of names going and never going, and whether or not they materialized or not …” he stated. “So we assumed it was simply hypothesis till it occurred.”
Kuchar credit LIV for the optimistic adjustments being made on the PGA Tour. These adjustments embody eight signature occasions on the 2024 schedule, seven with $20 million purses and The Gamers awarding $25 million in prize cash.
“I believe what’s happening with the LIV Tour is pushing the PGA Tour to make some adjustments,” Kutchar stated. “I believe some are for the nice.
“Hear, if you happen to have been a participant on Tour this yr, you had full-field occasions with large purses. This was sort of an ideal yr to be on Tour. This coming yr, if you happen to’re inside that Prime-50, it appears to be like prefer it stands to be an unbelievable yr.
“I don’t see this being the ultimate rendition of what the PGA Tour appears to be like like. I believe we are going to tweak it. However I believe the LIV Tour is forcing the Tour to make some good changes.”
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