While Tiger Woods declined an offer between $700 million and $800 million to join the Saudi-funded LIV Golf, the 15-time major champion said Wednesday he's not opposed to Saudi Arabia's Public Investment Fund investing in the PGA Tour.

Woods said Wednesday, according to ESPN's Mark Schlabach:

"Ultimately, we would like to have PIF be a part of our tour and a part of our product. Financially, we don't right now, and the monies that they have come to the table with and what we initially had agreed to in the framework agreement, those are all the same numbers.

"Anything beyond this is going to be obviously over and above. We're in a position right now [where] hopefully we can make our product better in the short term and long term."

The PGA Tour, DP World Tour and the PIF signed the framework of a deal over the summer to combine their commercial assets into PGA Tour Enterprises, a new for-profit entity. The agreement had a Dec. 31 deadline that wasn't met, so it was extended.

The PGA Tour reached a historic agreement with Strategic Sports Group—a consortium led by John Henry and Tom Werner of Fenway Sports Group, Atlanta Falcons owner Arthur Blank and Boston Celtics governor Wyc Grousbeck—that will inject $3 billion into PGA Tour Enterprises.

Following the agreement, the PGA Tour sent out a memo last week stating that "it would grant more than $1.5 billion in equity in PGA Tour Enterprises to past, current and future members over the next several years," according to Schlabach.

An agreement with the PIF could see another $3 billion put into PGA Tour Enterprises.

Schlabach and Don Van Natta Jr. reported in December that the PIF was initially "hesitant to be part of a deal with the PGA Tour that includes other U.S.-based investors." However, they added that "becoming partners with high-profile franchise owners like Henry, Blank and others was appealing" to the PIF.

"At the end of the day, we're trying to provide the best entertainment, and in order to do that you have to have the best players play," Woods said. "We want to involve the history and the traditions of our tour, and have the pathways, accessibility, all of the intangibles that have made the PGA Tour what it is right now and what has been, and hopefully what it will continue to be even better.

"And how do we do that? That's the whole idea of why we have a group like SSG to provide us with information and help and try to create the best tour we could possibly have."

Amid discussions with the PIF, there is also uncertainty about how former PGA Tour players who defected to LIV Golf could play on the Tour again. Woods said Wednesday that the Tour is "looking into all the different models for pathways back" for former players.

"What that looks like, what the impact is for the players who have stayed and who have not left, and how we make our product better going forward, there is no answer to that right now," Woods said.

"We're looking at varying degrees of ideas, and what that looks like in the short term, we don't know. We don't even know in the longer term what that looks like. Trust me, there's daily, weekly emails and talks about this and what this looks like for our tour going forward."