The PGA Tour Policy Board informed its members about the current negotiations regarding the future of Tour as , the inaugural mixed team Grant Thornton Invitational neared completion.
A article posted on pgatour.com stated: “The PGA Tour Policy Board unanimously selected a third-party investment group with whom to continue negotiations as the talks with PIF progress.” In a Sunday memo sent to Tour members, the decision was made to move forward with discussions with Strategic Sports Group.
Rex Hoggard, of Golf Channel, was the first to report the memo that the board sent on Sunday.
The memo explains that the board reviewed proposals in the past few days, and that SSG negotiations will continue. SSG includes Marc Attanasio and Arthur Blank as well as Gerard Cardinale, Cohen Private Ventures, Marc Attanasio and Cohen Private Ventures.
The board of directors wrote in a letter that they “anticipate advancing our discussions with PIF over the coming weeks.”
The PGA TOUR Policy Board agreed to continue PIF and advance the negotiations with Strategic Sports Group.
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— PGA TOUR December 10, 2020
In the memo, the board also states that it is “confident of a positive outcome in the future for all players as well as the PGA Tour.”
