Talks between the PGA Tour and Saudi Arabia’s Public Investment Fund (PIF) over a potential merger will continue into 2024.
They failed to reach an agreement by the deadline of 31 December 2023.
Negotiations between the PGA Tour and the PIF, which funds LIV Golf, began in June in an attempt to end a split in the game.
The emergence of the LIV circuit fractured men’s professional golf over the past year. Several top players were lured by its huge prize funds and no-cut events, which include a team format.
No future deadline was given by the PGA Tour for the talks to conclude but Monahan said discussions were “active and productive”. In December Jon Rahm became the most high-profile player to leave the PGA Tour for the Saudi-funded circuit.
The two-time major winner was reportedly set to earn upwards of £450m as part of the deal to join LIV Golf, but said he hoped to retain memberships for the PGA and DP World Tour.
Rahm joined several other major winners at LIV, including Brooks Koepka, who won the 2023 US PGA Championship, 2022 Open champion Cam Smith and six-time major winner Phil Mickelson
