LOS ANGELES (Reuters) - Tiger Woods said the PGA Tour's negotiations with Saudi Arabia's Public Investment Fund are ongoing but that the Tour is "in a great position" after securing a $3 billion investment last month from a consortium of U.S. sports team owners.

The deal with Strategic Sports Group (SSG) allows for co-investment with the Public Investment Fund (PIF), which controls LIV Golf, but those talks continue to drag on.