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Ssg

All articles tagged with #ssg

sports1 year ago•5 min saved

"PGA Tour's $3 Billion Deal: Impact on Golf and Players"

Golfer Jordan Spieth believes a deal with Saudi Arabia's Public Investment Fund (PIF) is unnecessary following a $3 billion partnership with Strategic Sports Group (SSG) that will allow PGA Tour members to become equity holders in PGA Tour Enterprises. While some players, including Rory McIlroy, advocate for the return of LIV Golf players without punishment, others, like Christiaan Bezuidenhout, oppose it. The potential PIF alliance is still uncertain and subject to regulatory review, but Spieth remains optimistic about the future of the PGA Tour.

via ESPN|

#golf #jordan-spieth #pga-tour

sports2 years ago•1 min saved

"PGA Tour Engages in Extended Negotiations with Saudi PIF Amid LIV Golf Revenue Concerns"

PGA TOUR Commissioner Jay Monahan updated players on the ongoing negotiations with Strategic Sports Group (SSG), the Public Investment Fund (PIF), and the DP World Tour. The TOUR is making progress with SSG and is working on finalizing terms, while actively seeking to extend the expiring Framework Agreement with PIF and DP World Tour into the new year. The goal is to have SSG, PIF, and DP World Tour as minority co-investors in PGA Tour Enterprises by 2024, aiming to unify and innovate the game. The update comes as players gather in Maui for The Sentry event, which starts the 2024 PGA TOUR season.

via PGA TOUR|

##dpworldtour #negotiations