Saudi PIF Set to Invest in PGA Tour Amid Final Negotiation Hurdles
TL;DR Summary
Saudi Arabia's Public Investment Fund is reportedly close to acquiring a 6% stake in PGA Tour Enterprises, valuing the company at around $12 billion. This move could mark a significant step towards resolving the ongoing conflict between the PGA Tour and LIV Golf, as it may lead to collaboration with the DP World Tour, potentially allowing LIV Golf players access to the European circuit. The deal is still subject to regulatory approval.
- Report: Saudi Arabia Public Investment Fund to Acquire Share of PGA Tour Enterprises Sports Illustrated
- The PGA Tour and LIV’s Saudi Backers Have a Deal—but There’s One Holdup The Wall Street Journal
- Saudi PIF Nears Deal to Invest in PGA Tour Enterprises Bloomberg
- PGA Tour, LIV Golf's financial backers nearing long-awaited private investment agreement, per report CBS Sports
- Saudi PIF nearing deal for stake in PGA Tour Enterprises — with one major hold-up New York Post
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