It has been nearly two years since the PGA Tour and PIF announced a framework agreement to combine commercial operations under a new for-profit entity. That entity has since been dubbed PGA Tour Enterprises, which last year received a $1.5 billion injection from the Strategic Sports Group, a consortium of U.S. pro sports team owners and investors.

It's been close to two years since the golf world was treated to a bombshell report that asserted the PGA Tour had agreed to a merger with Saudi Arabia's

It doesn't look like the PGA Tour and Saudi Arabia's Public Investment Fund will be settling their differences any time soon.