PGA Tour seeks extension on commercial deal with Saudis, private investors

The PGA Tour believes it has made enough progress with the Saudi backers of LIV Golf to extend their negotiations into next year for a new commercial deal that would include a U.S. investment group and the European tour.

Commissioner Jay Monahan sent a memo to players on Sunday afternoon, just seven hours before the deadline to finalize the deal that was set in the June 6 framework agreement.

The PGA Tour board unanimously agreed three weeks ago to negotiate exclusively with Strategic Sports Group, a consortium of American-based professional sports teams owners led by Fenway Sports Group.

Monahan said the tour has made “meaningful progress” with SSG and provided the group with all the information it requested.