The PGA Tour has closed on a deal with the Strategic Sports Group and has scheduled multiple calls with player groups for early this morning where an update is expected to be given. Earlier reports had the size of the investment pegged around $3B.
While an investment with SSG is expected to be announced today, sources believe a deal with Saudi Arabia’s PIF, should it happen, would come later on, though a timeline has not been confirmed.
Late yesterday, the Tour scheduled an 8am ET/5am PT call for the Player Advisory Council for this morning, notable for its early timing because some of those players are on the West Coast for the AT&T Pebble Beach Pro-Am.
Separately, an email to all players was sent shortly thereafter for a call at 9:30am. The email to players, obtained by SBJ, said Commissioner Jay Monahan would provide an “important, timely update.” The email stated there was expected to be a “high number of expected participants across all three Tours,” meaning the PGA Tour, Korn Ferry Tour and PGA Tour Champions.
The email added that there will be a “series of meetings and touch points over the next several weeks in order to address any of your questions and provide additional details.”