Published 3 months ago

PGA Tour completes $3B deal amid LIV merger talks

The PGA Tour has signed an agreement with Strategic Sports Group to invest at least $3 billion into a new venture called PGA Tour Enterprises.
The agreement with SSG comes after the PGA Tour's framework agreement with Saudi backers of LIV Golf, attracting private equity groups. The PGA Tour is also in negotiations with Saudi Arabia's Public Investment Fund and DP World Tour.
PGA Tour Enterprises will offer players equity ownership, with initial grants and recurring grants based on career accomplishments. SSG will focus on maximizing revenue for players and enhancing golf worldwide.

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The Independent

PGA Tour strikes historic $3bn deal with group led by Liverpool owners

American consortium Strategic Sports Group has committed to a major investment in the PGA Tour while the future of golf continues to hang in the balance

3 months ago·London, United Kingdom

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Reuters

Headline Unavailable

3 months ago·United Kingdom

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Associated Press News

PGA Tour strikes $3 billion deal with Fenway-led investment group; players to get equity ownership

PGA Tour strikes $3 billion deal with Fenway-led investment group; players to get equity ownership.

3 months ago·United States

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abc News

PGA Tour strikes $3 billion deal with Fenway-led investment group; players to get equity ownership

3 months ago·United States

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CNN

PGA Tour announces new $3 billion investment and player equity offer

Rocked by the money on offer by LIV Golf and the talent drain of some of its leading players, the PGA Tour is offering its golfers the opportunity to become “owners of their league.”

3 months ago·Atlanta, United States

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KRDO

PGA Tour announces new $3 billion investment and player equity offer

By Jack Bantock, CNN (CNN) — Rocked by the money on offer by LIV Golf and the talent drain of some of its leading players, the PGA Tour is offering its golfers the opportunity to become “owners of their league.” Announcing the launch of PGA Tour Enterprises on Wednesday, the PGA Tour said a “first-of-its kind” program will offer its players the opportunity to become equity holders. Funded through an investment of up to $3 billion from Strategic …

3 months ago·Colorado Springs, United States

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