Tiger Woods called in to PGA Tour HQ for "significant" board meeting
Tiger Woods heads to PGA Tour HQ to discuss the circuit's future.
Tiger Woods reportedly dropped in to PGA Tour HQ today for a "significant" board meeting as the circuit narrows down its search to find the primary investment partner in PGA Tour Enterprises.
The new entity, PGA Tour Enterprises, was created with the June 6 announcement of a shock Framework Agreement with the Saudi Public Investment Fund (PIF).
Should the merger between the PGA Tour, DP World Tour and Saudi PIF (the bankrollers of the Tour's rival LIV Golf League) go through in 2024, it will heavily reshape the elite level of men's professional golf as we know it.
Tiger Woods became the sixth player to sit on the PGA Tour's policy board in August.
The 15-time major champion joined Rory McIlroy, Webb Simpson, Patrick Cantlay, Charley Hoffman and Peter Malnati as PGA Tour players on the board.
With now half of the 12-seat board backed by players, it means they have greater control of the PGA Tour's future.
Hence why both Woods and McIlroy are having a major say on shaping the PGA Tour.
Woods' tech-infused golf league (TGL), which he created alongside McIlroy, will tee off in January 2024.
Here's all you need to know about TGL
Talks are still ongoing between the PGA Tour, DP World Tour and Saudi Public Investment (PIF).
PGA Tour officials have stated they are doing everything possible to ratify the agreement.
Jay Monahan, the PGA Tour commissioner, has stressed the effort from each party has been monumental.
One source with knowledge of negotiations has told ESPN the PGA Tour are building a $2bn war chest through private equity investments to battle their enemy should the deal fall through.
According to Golfweek, the PGA Tour has whittled the list of companies in the running as private equity partners in its new for-profit entity down to just five groups.
These companies include Fenway Sports Group (FSG), Liberty Strategic Captial, Acorn Growth Companies, Eldridge Industries and Friends of Golf.
Endeavor told Spotico last week its bid to work with the PGA Tour had been rejected.
It is understood preferred options from the five groups in the running are being presented to the PGA Tour's board of directors this week.
Woods is heavily on the scene, as confirmed by the popular TWLegion account.
TWLegion tweeted on November 13:
Woods was last week seen caddying for his son Charlie Woods as his return to PGA Tour action draws ever closer.
The former World No.1 has been out of action since undergoing ankle surgery after withdrawing from The Masters in April 2023.
