By Mark Wakefield PGA Tour commissioner Jay Monahan has issued a memo to Tour members to provide an update on negotiations with LIV Golf, confirming the aim is for the Saudi Arabia Public Investment Fund to be a minority investor in the new organisation. It was announced on June 6 that the PGA Tour, DP World Tour, andLIV Golf would enter negotiations over a merger with a proposed framework in place. The talks between the PGA Tour and the Public Investment Fund of Saudi Arabia (PIF), the financial backers of LIV Golf, have been ongoing for several months. An original deadline of December 31 was…