They are still working with the Saudis for a potential partnership agreement, correct? How does this affect that?
I think i saw it written that the PIF could still invest and buy a percentage of the new company, they left it open for that. I guess the valuation of PGA Tour Enterprises would be more with LIV and it's players in the fold, so PIF would just invest and own whatever share of the larger company they negotiate.
And at that point, golf is a monopoly again controlled by VCs. Good luck with that, players!