MEMPHIS, Tenn. – An agreement between the PGA Tour and Saudi Arabia’s Public Investment Fund is still being discussed but does not appear to be imminent, at least based on comments from PGA Tour Commissioner Jay Monahan on Wednesday.

In an informal discussion with reporters at FedEx St. Jude Championship – his first since the Players Championship – Monahan admitted that the release of the 2025 PGA Tour schedule can be seen as a sign that there will be no difference between the PGA Tour and the LIV Golf League next year.

“These are very complicated discussions,” Monahan said at TPC Southwind. “There’s a lot of elements to them. When you have the level of interaction we continue to meet and move on and discuss and debate, you can’t help but be hopeful.

“When it comes to times and time frames and where we are, I just want to say we’re in a good place with the talks. That’s the most important thing.”

Asked if he had any personal meetings planned with Saudi Arabia’s Public Investment Fund, which finances LIV Golf, Monahan said: “I have a lot of meetings on the subject. I’m not going to go into the details of that. It’s a clear focus for me, it’s a clear focus for the organization. As I said, there is a lot of dialogue.”

A year ago at FedEx St. Jude Monahan met the media for the first time since taking a nearly month-long leave of absence due to health concerns in the aftermath of the “framework agreement” announced on June 6, 2023.

It was the shocking development that prompted Monahan and Yasir Al-Rumayyan, the PIF governor, to take part in a joint interview to announce the deal.

The framework agreement was meant to begin discussions on an agreement between all parties to theoretically unify the game after several high-profile players left the PGA Tour and DP World Tour to join LIV Golf – which this week is at the Greenbrier resort to play its 12: e of 14 2024 events. LIV Golf has yet to announce its 2025 schedule but has hinted at plans to play more international events.

So far, the sides are separate, with LIV players banned from PGA Tour events and the LIV Golf League not accredited with official World Golf Ranking points.

Monahan used the opportunity to praise the deal struck with Strategic Sports Group (SSG), announcing in January that it has pumped $1.5 billion into the new PGA Tour Enterprises, a for-profit arm of the business separate from PGA Tour Inc., a non-profit entity that is essentially the PGA Tour as we know it.

“If you had told me a year ago I would be sitting here talking to all of you and we would have a partner in SSG with the amount of experience they have in the sports and business world with capital behind them and now innovating our business …to have that level of alignment with our players…it’s really inspiring,” Monahan said.

Patrick Cantlay, who is the player director of the PGA Tour Policy Board, was asked if he saw an “end in sight” of the negotiations.

“Well, it’s definitely calmed down, there hasn’t been as much chatter the last few months, which has been nice,” Cantlay said. “I think it’s just kind of character. It’s going to ebb and flow, depending on what kind of information comes out or what messages.

“When you say ‘end in sight,’ it’s always evolving. The PGA Tour has always been changing and trying to evolve and get better. It depends on what you mean by — what you define as the finish line. But I know we’re all working incredibly hard all the time to get the best result.”

The PGA Tour schedule announced Wednesday essentially mirroring the 2024 schedule, the main difference being the switch of dates between the Memorial Tournament and the RBC Canadian Open in the two weeks leading up to the US Open.