PGA Tour parsing private investment deals as the clock ticks on its Saudi deal

The PGA Tour is trying to narrow the list of potential investors as it works toward a Dec. 31 deadline to complete its deal with Saudi Arabia's national wealth fund. PGA Tour Commissioner Jay Monahan has sent a memo to players. He tells them of a program that would enable players to have equity ownership in the proposed PGA Tour Enterprises. Monahan says that would be a first among professional sports. The tour board went through some of the investment bids from five private groups. Monahan says progress has been deliberate because of the complex nature of the deal.