PONTE VEDRA BEACH, Fla. — Don’t look now, but Monday could mark the cornerstone of an agreement between the PGA Tour and the Public Investment Fund (PIF) of Saudi Arabia.
On Friday it was rumored and then first reported by Golfweek that Yasir Al-Rumayyan from PIF will meet PGA Tour player board members. They may not necessarily reach the agreement that has been in negotiations since the middle of last year, but it’s a chance for both sides to meet for the first time and take measure of each other.
Last year PGA Tour commissioner Jay Monahan met with PIF and Al-Rumayyan in Venice, San Francisco and New York for several days of discussions before getting comfortable with a potential investment from Saudi Arabia.
