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The Latest Breaking News from PIF

Explosion in golf's prize money not sustainable, warns British Open chief

British Open organisers the R&A warned on Wednesday that golf cannot jeopardise its financial future by ever increasing prize money for players after the influx of cash to the sport from the Saudi Public Investment Fund (PIF). Backed by the PIF, the breakaway LIV Golf series lured star names such…

The Hindu

R&A chief Martin Slumbers doesn't rule out Saudi funding for British Open

R&A chief Martin Slumbers won't rule out taking money from Saudi Arabia's national wealth fund

The Independent UK

Martin Slumbers Not Ruling Out Saudi Investment In The Open

The R&A's chief executive Martin Slumbers addressed how The Open might look in the years to come in his annual press conference

Golf Monthly

From analysis to the latest developments in health,
read the most diverse news in one place.

Jay Monahan's Top Priorities As He Returns To Work - Can He Keep His Job?

Jay Monahan returns to work as PGA Tour commissioner with plenty of problems to deal with - notably being able to keep his job among growing player unrest

Golf Monthly

Cameron Smith sees bright future for golf in PGA Tour-LIV merger

British Open champion Cameron Smith remains optimistic about the future of golf, despite the uncertainties surrounding the proposed merger between the PGA Tour and Saudi Public Investment Fund (PIF).

The Times of India

Lynch: As PGA Tour commish Jay Monahan returns, it’s a coin-flip whether he and his Saudi deal can survive

If and when Monahan falls on his sword, a successor faces an unenviable challenge.

USA Today Sports Media Group

'No Poaching' Players Clause Removed From PGA Tour-PIF Deal

A clause in the PGA Tour-PIF deal that prohibited poaching players from either the tour or LIV Golf has been removed after concerns it could break federal employment law

Golf Monthly

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PGA Tour and Saudi wealth fund drop poaching clause from agreement at Justice Department's request

The PGA Tour deal with Saudi Arabia's wealth fund is dropping a clause in their agreement over poaching

The Independent UK

'If LIV Golf Was The Last Place To Play Golf On Earth I Would Retire' - McIlroy Firm On LIV Stance

Rory McIlroy gave an emphatic response to proposals for him and Tiger Woods to captain LIV Golf teams, saying he'd rather retire

Golf Monthly

New PIF FII Partnership To Provide Financial Boost For Women's Game

The Aramco Team Series presented by Public Investment Fund (PIF) is set to partner with the Future Investment Initiative (FII) Institute

Golf Monthly

PGA Tour star calls for Jay Monahan exit after Jordan Spieth comments

Pressure is continuing to grow on PGA Tour commissioner Jay Monahan on the back of his shock deal with the Public Investment Fund of Saudi Arabia last month

Daily Mirror

Jordan Spieth and Xander Schauffele in agreement over PGA Tour and LIV Golf problem

Xander Schauffele and Jordan Spieth have become the latest PGA Tour stars to discuss the circuit's shock deal with the Public Investment Fund of Saudi Arabia

Daily Mirror

'We're In The Dark' - Jordan Spieth Critical Of Tour's Handling Of Merger Saga

The American admitted he doesn't know what to believe as confusion reigns over the proposed PGA Tour/PIF merger

Golf Monthly

World No. 1 Scottie Scheffler says a lack of clarity on PGA Tour-PIF deal is ‘worrisome’

"They keep saying it's a player-run organization, and we don't really have the information that we need."

USA Today Sports Media Group

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Axios

Saudi Arabia's sovereign wealth fund reports $11 billion loss

The LIV Golf backer had a lousy 2022.

FourFourTwo

Cristiano Ronaldo's side Al-Nassr banned by FIFA from registering new players

Cristiano Ronaldo won't have anymore European superstars joining him in Riyadh for the time being

Belfast Live

Rory McIlroy and Tiger Woods offered LIV Golf teams amid peace talks between rival tours

Woods and McIlroy were the two biggest opponents of the Saudi-funded LIV Golf League

Golf Monthly

8 Takeaways From The PGA Tour/PIF Senate Hearing

From the hope of McIlroy and Woods owning LIV teams to PIF Governor Yassir Al-Rumayyan wanting to become a member of Augusta, there was plenty of light shone on the framework deal

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Golf Monthly

PGA Tour Planning For Greg Norman To Be Terminated As LIV Golf CEO Under PIF Deal

The PGA Tour plans for Greg Norman to have no part to play in LIV Golf if the PIF deal goes through, documents show

Golf Monthly

PIF Proposed Yasir Al-Rumayyan To Gain Augusta National Membership

Documents show PIF wanted Governor Yasir Al-Rumayyan to be considered for Augusta and R&A membership

Daily Mirror

PGA Tour "feared they would be destroyed" by LIV Golf after defending Saudi deal

Two PGA Tour officials appeared in front of the U.S. Senate at a hearing on Tuesday to discuss their proposed deal with the Public Investment Fund of Saudi Arabia

The Guardian - UK

PGA Tour feared it would be ruined by LIV Golf without unifying deal

Documents retrieved by a US Senate committee show there were plans for Tiger Woods and Rory McIlroy to play under the LIV umbrella

Irish Mirror

PGA Tour negotiations discussed Tiger Woods and Rory McIlroy owning LIV Golf teams

McIlroy and Woods are two of the biggest opponents of the breakaway golf league but negotiations means they could have owned their own teams.

Daily Mirror

PGA Tour and LIV Golf merger hearing: 6 fresh details as emails reveal proposals

Further details on the PGA Tour's agreement with the Public Investment Fund of Saudi Arabia (PIF) have emerged, after Tour officials spoke in front of the U.S. Senate

USA Today Sports Media Group

Documents show ‘side agreement’ to oust Greg Norman as LIV Golf Commissioner if PGA Tour-PIF deal is executed

The document was revealed on Tuesday as part of a memorandum to members of the Permanent Subcommittee on Investigations.

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