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Tiger Woods, Rory McIlroy on PGA Tour's Transaction Subcommittee amid PIF Investment

Rory McIlroy won't be returning to the PGA Tour policy board he resigned from in November, but he will be joining Tiger Woods on the newly formed transaction committee, per ESPN's Mark Schlabach.

That committee will directly negotiate with the Saudi Arabia Public Investment Fund—which owns LIV Golf—as the PGA Tour and LIV Golf continue to iron out the details of their previously announced merger, talks that have stretched well past the original Dec. 2023 target date for finalizing the deal.

The transaction committee will also include the executive chairman of Valero Energy's board, Joseph W.