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Equity Stakes

All articles tagged with #equity stakes

sports1 year ago

"PGA Tour Players Become Owners in $3 Billion Deal with Fenway Sports Group-led Investment Group"

PGA TOUR Enterprises has announced that nearly 200 PGA TOUR members will have the opportunity to receive equity stakes in the TOUR, allowing players to become owners and benefit from the business' commercial growth. This landmark agreement aims to align player and fan interests more than ever, with Strategic Sports Group (SSG) positioned to help optimize professional golf for players and fans alike. The availability of direct equity stakes for the players marks a significant development in professional golf and sports, with the potential for future co-investment from the Public Investment Fund (PIF) subject to regulatory approvals.