PGA Tour Rejects $1.5 Billion Saudi Investment Deal

Watch PGA Tour Rejects $1.5 Billion Saudi Investment Deal - SportsGrid on Dailymotion

Transcript

00:00But we've had years-long drama with this PGA Tour versus the Saudi PIF for them trying to

00:06come together, an agreement. Apparently, the PGA Tour rejected a $1.5 billion investment offer

00:14from the Saudis. The PIF wanted two things. They wanted a guarantee that Live Golf would continue

00:19to operate, and they wanted Yasser, who's, of course, the guy that runs everything for them.

00:25He also owns Newcastle, etc. Yasser Roumanin would serve as the co-chair of PGA Tour Enterprises.

00:32Allegedly, according to the story, those were both non-starters for the PGA. Both of those

00:38were non-starters to agree to either thing, so they turned down the $1.5 billion. I would not

00:43expect anything that involves them guaranteeing Live's survival. I think that they want it out,

00:50and they're going to try to... I think any deal is not going to have anything in there that says

00:54it's guaranteed to stay. That'd be my guess. Yeah, I think that not only that, I think they're never

01:00going to do a deal. That would not surprise me at this point. I remember a couple years ago,

01:05you had the two of them sitting there on CNBC, acting like everything, well, you know, we're a

01:09big merger. Nothing has happened since that day. Absolutely nothing. Yeah, it's not happening.

01:14The PGA doesn't need them. The PGA doesn't... Right. I mean, look, are there a couple guys

01:20they'd obviously want back playing in their tournaments? Bryson, et cetera? That's their

01:24problem. That's their problem. Those players took the money, and now they regret it. They

01:29got all their money. Shut up. You got your money. Shut up. Quit playing golf, then.

01:34Go play on the TGL. Go do something else. I don't want to hear it.