"PGA Tour Secures $3 Billion Investment Amid Saudi Negotiations"

The PGA Tour has secured a minimum of $1.5 billion from a group of U.S. investors, led by the Fenway Sports Group, raising doubts about the proposed partnership with Saudi Arabia's LIV Golf. The influx of funds, potentially reaching $3 billion, comes as the PGA Tour continues negotiations with LIV Golf, which had previously attracted prominent players. The tour's commissioner stated that they remain in active discussions with the Saudi wealth fund, while the fund has indicated its intent to compete through LIV Golf if no alliance is reached.