July 18, 2024; Ayrshire, SCT; Patrick Cantlay tees off on the twelfth gap through the first spherical of the Golf Open Championship at Royal Troon. Necessary Credit score: Jake Gruber-USA TODAY Sports activities Typically no information is sweet information. When requested concerning the PGA Tour’s merger with Saudi Arabia’s Public Funding Fund, Patrick Cantlay agreed.
Cantlay, the participant director on the PGA Tour’s coverage committee, was requested Tuesday whether or not the PGA-PIF negotiations have been nearing an finish after months of comparatively little new data.
“Nicely, it is undoubtedly quieted down, and I agree with you, there hasn’t been as a lot chatter over the previous couple of months, which is sweet,” Cantlay stated earlier than the FedEx St. Jude Championship in Memphis, Tenn. “I feel it is settle down. That is the character of it, there’s going to be ups and downs, relying on what data is launched or what bulletins are made.
“Whenever you say ‘the top is in sight,’ it is all the time evolving. The PGA Tour is all the time altering and attempting to evolve and get higher. Is dependent upon what you imply — your definition of end line. However I do know We’ve got all been working very exhausting to get one of the best outcomes.
It’s been greater than a 12 months because the PGA Tour, DP World Tour and PIF (LIV Golf’s sponsor) introduced a merger “framework settlement” that shocked the sporting world. The events exceeded a self-imposed deadline of December 31, 2023, to finish the transaction.
The one actual information this summer season got here in June, when PIF president Yasir Al-Rumayyan met with PGA Tour representatives in New York on the primary anniversary of the framework settlement.
Requested whether or not the 2 sides have been near the end line, Cantlay sidestepped the query.
“Yeah, I am not a member of the deal committee, so I am not absolutely updated on the whole lot proper now,” Cantlay stated. “However every time we do get a significant replace, will probably be fed again to the board after which I am certain we’ll have a dialogue about it.”
The PGA Tour’s commerce subcommittee consists of Tiger Woods, Northern Eire’s Rory McIlroy and Australia’s Adam Scott.
–Scene-level media
