The PGA Tour and LIV Golf have been in talks to complete their merger for some time now. The two sides have apparently come to an agreement, but the deal is now waiting on the Justice Department for approval.
Enter Donald Trump.
Trump played a round of golf with Jay Monahan and a day later was sitting next to Saudi sovereign wealth-fund, Yasir Al-Rumayyan at a UFC event.
Via WSJ:
Before he had even finished naming his cabinet, Trump was playing a round of golf with PGA Tour commissioner Jay Monahan at Trump’s golf club in West Palm Beach. A day later he had the head of the Saudi sovereign wealth-fund, Yasir Al-Rumayyan, sitting next to him ringside at a UFC event in New York.
Trump said ahead of the election that it would take him “the better part of 15 minutes to get that deal done.”
Soon, his Justice Dept. will be in a position to do just that—by signaling that it won’t object to the Tour and PIF moving ahead with their agreement.
If the deal were to go through after Trump takes office, the PIF would throw $1.5 billion dollars into PGA Tour Enterprises in return for a minority stake.
Very happy to see President Trump 🇺🇸 together with Saudi Arabia’s sovereign fund PIF Governor H.E. Yasir Al-Rumayyan at #ufc309 last evening.
As an Emirati 🇦🇪 , I say this again, Saudi 🇸🇦 success is the UAE success. pic.twitter.com/YBnMtEYs1c
— حسن سجواني 🇦🇪 Hassan Sajwani (@HSajwanization) November 17, 2024
