PGA Tour says LIV merger attracts unsolicited investor interest

The PGA Tour has said its planned merger with Saudi-backed LIV Golf and DP World Tour has garnered unsolicited interest from investors as it continues to finalize an agreement with the Public Investment Fund and the DP World Tour. (File/AFP)
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Updated 28 September 2023
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PGA Tour says LIV merger attracts unsolicited investor interest

  • Bloomberg News said inclusion of outside investors could help appease politicians who have voiced concerns the deal would amount to a takeover of a US institution by LIV Golf, bankrolled by the PIF
  • Talks with Saudi Arabia’s Public Investment Fund and DP World are progressing, with the goal of reaching a definitive agreement by Dec. 31

NEW YORK: PGA Tour said its planned merger with Saudi-backed LIV Golf and DP World Tour has garnered unsolicited interest from investors as it continues to finalize an agreement with the Public Investment Fund and the DP World Tour.

The PGA said that while it did not solicit additional investment interest, it has a responsibility to members, sponsors and fans to thoroughly evaluate all potential options.

“Our focus continues to be on finalizing an agreement with the Public Investment Fund and the DP World Tour, however, our negotiations have resulted in unsolicited interest from other investors,” PGA said in a statement on Wednesday.

Any investments that come from the talks will be made into PGA Tour Enterprises, a subsidiary of the PGA Tour, which it would permanently control.

Bloomberg News, which earlier reported the news, said inclusion of outside investors could help appease politicians who have voiced concerns the deal would amount to a takeover of a US institution by LIV Golf, bankrolled by the PIF.

PGA said additional investor interest is not about politics, but because the PGA Tour has, for the first time, created an investment vehicle in PGA TOUR Enterprises and its business is strong.

PGA added talks with Saudi Arabia’s Public Investment Fund and DP World are progressing, with the goal of reaching a definitive agreement by Dec. 31.

In June the PGA Tour, DP World Tour and LIV circuit announced an agreement to merge and form one unified commercial entity.


Riyadh stages LIV Golf opener as league navigates change in 2026

Updated 03 February 2026
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Riyadh stages LIV Golf opener as league navigates change in 2026

  • Ben An: Night golf adds character to this event. It’s similar to night racing in F1, so I think it’ll be good for golf too
  • Michael La Sasso: Being able to travel the world at such a young age, I couldn’t pass up this experience

RIYADH: The 2026 LIV Golf League gets underway in Riyadh this Wednesday, marking the start of a new season that will see the tour adopt a four-day, 72-hole format for the first time since its launch in 2022.

Despite the structural change, much of the early attention has focused on the departures of high-profile players such as Brooks Koepka and Patrick Reed, who recently confirmed that he will not return this season. LIV Golf players, however, insist their focus remains firmly on the campaign ahead.

At the league’s pre-season press conference, Legion XIII captain Jon Rahm addressed Reed’s move.

“I wish Patrick Reed nothing but the best,” Rahm said. “Everyone is free to choose wherever they want to play golf.

“He’s been playing fantastic golf, and if he wants to go back (to the PGA Tour), he can choose to do so.”

The opening event in Riyadh will again feature play under the lights — a format that has become one of LIV Golf’s most distinctive traits.

“It’s just a case of getting used to the night golf,” said Legion XIII teammate Tyrrell Hatton. Rahm agreed, noting that while the concept was enjoyable, consistently staging events after dark brought its own challenges.

For Tom McKibbin, playing under the lights initially came as a surprise but left a lasting impression during his first appearance in Riyadh last season.

“I don’t think any other golf event has been played in the dark — it was very new for me,” McKibbin said. “But I enjoyed playing under the lights, and it made for a cool first experience.”

Korean Golf Club member Ben An echoed that sentiment, suggesting the format added a new dimension to the sport.

“Night golf adds character to this event,” he said. “It’s similar to night racing in F1, so I think it’ll be good for golf too.”

Beyond the format, several players highlighted the competitive environment and global travel as key reasons for committing to LIV.

“I say this with no disrespect to other tours, but you only face the top players two to three times a year at a major,” said Richard Bland of Cleeks GC. “Here, you get to play against the likes of Jon Rahm and Bryson DeChambeau 14 to 15 times a year.”

For younger players, including 21-year-old Michael La Sasso, the international nature of the tour has been a major draw.

“Being able to travel the world at such a young age, I couldn’t pass up this experience,” La Sasso told Arab News. “The amount I’ll be able to learn just by being here — it’s hard to express how cool it really is.

“As a 21-year-old, I get to see different cultures on a regular basis. Even seeing camels in Riyadh this week was pretty cool.”

LIV Golf opens for the second consecutive season under the Riyadh Golf Club lights from Feb. 4 to 7. Adrian Meronk of Cleeks GC returns as defending individual champion after finishing 17 under par last year, while Legion XIII claimed the team title with a total of 50 under par.

The tour moves on just seven days later, with its second event taking place in Adelaide — one of the most anticipated stops on the LIV calendar.