DP World Tour chief executive Keith Pelley is optimistic that a deal can be finalised between the PGA Tour, DP World tour and Saudi Arabia’s Public Investment Fund (PIF) before next month’s deadline.
In June a shock deal between LIV Golf bankrollers PIF, the PGA Tour and DP World Tour was announced and the deadline for finalising the details falls on December 31.
With time running out to secure a deal which would unify the game of golf, Pelley is confident that a resolution can be reached.
“I think everyone understands and everyone respects some of the reasons, I don’t need to go into them, that for the past four or five months it hasn’t moved as quickly as we would have hoped after signing on June 6 in San Francisco,” Pelley told Sky Sports at the DP World Tour Championship.
“I said to a number of journalists a couple of weeks ago that I thought things would heat up and conversations would intensify after the Ryder Cup in Rome and that is exactly what has happened.
“The conversations are confidential in nature, so I can’t really go into the details of it, but I do believe that all three parties are in the exact same position that they we were in June.
“I think we’re more motivated now to do a deal, and that’s of course the PIF [Public Investment Fund], the PGA Tour and ourselves, to try to take the framework to the next step, to sign a definitive agreement which unifies the game, which I believe is in the best interests of global golf.
“I’m optimistic that we can move these conversations on in the next month.”