Saudi Arabia’s Public Investment Fund has failed in an attempt to persuade the PGA Tour to deliver serious concessions in exchange for a $1.5bn (£1.14bn) investment, leaving elite golf no closer to reconciliation just days from the season’s first major.
The PGA Tour’s stance will give credence to the rising sense that the organisation has increasing confidence in its position after a turbulent period caused by the formation of the Saudi-backed LIV Tour.
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