Following his second round of golf at the Memorial at Muirfield Village on Friday, Rory McIlroy will conference into a meeting in New York with PGA Tour leadership, including Tiger Woods, and representatives from LIV Golf's backer, the Public Investment Fund (PIF). The meeting will tackle, as McIlroy put it, the “big boy stuff.”

McIlroy (-2, 70) is among the numerous PGA Tour stars populating the top of the leaderboard at the Memorial. The opening round of Jack Nicklaus' Signature Event coincided with the one-year anniversary of the stunning announcement of a framework agreement between the PGA Tour and the LIV Golf League that has yet to materialize.

McIlroy is no longer on the PGA Tour policy board, but he does have a spot on a Transaction Subcommittee focused on coordinating with the sovereign wealth fund of Saudi Arabia. PIF Chairman Yasir Al-Rumayyan is expected at Friday's gathering. It'll be the first time, per SI, he's met with PGA Tour players since intro'ing with Tiger, Adam Scott, Patrick Cantlay, Jordan Spieth, et al. in the Bahamas in March.

The subcommittee is a overseen by PGA Tour Enterprises, a for-profit branch tasked with growing the game amid LIV competition. On the subcommittee, Rory is joined by Tiger (who is vice president of Enterprises), PGA Tour commissioner Jay Monahan, board liaison Joe Ogilvie, Enterprises chairman Joe Gorder, and Boston Red Sox owner John Henry — representing Strategic Sports Group, which invested $1.5 billion in the PGA Tour.

The transaction committee has met with PIF thrice weekly over the last few weeks, McIlroy revealed Thursday.

McIlroy said the players will take a backseat on Friday.

“There’s going to be people in that room on the PGA Tour side who are going to take the lead. And it’s not going to be Adam, Tiger or I. That’s going to be Jay, Joe Gorder, Joe Ogilvie, John Henry. It’s going to be the business guys. We’re there to maybe give a perspective from a player’s point of view.

“This is a negotiation about an investment in the PGA Tour Enterprises, this is big boy stuff. And I’ll certainly be doing more listening than I will be doing talking.”

McIlroy speculated that PIF's future investment capabilities with the PGA Tour might have to be “very passive” depending on “what the DOJ (the U.S. Department of Justice) allows.”

Regardless of how negotiations progress, McIlroy isn't expecting LIV Golf to close up shop.

“I certainly don’t see in the next couple of years LIV slowing down,” he said. “They’re buying office space in New York. They have over 200 employees. I haven’t heard any of those guys say that they don’t want to play over there either, right? You’ve got guys who are on contracts until 2028, 2029.

“Looking a few years down the line, LIV is going to continue to sort of keep going down its path. But hopefully with maybe more of a collaboration or an understanding between the tours. Maybe there is some cross-pollination there where players can start to play on both. I guess that will all be talked about in the coming weeks.”

McIlroy — who has reiterated his openness to work with LIV since changing his stance in the fall — pointed out that players on the Saudi circuit are contracted for 14 events — leaving 38 weeks open, presumably for professional golf.