Reported 1 day ago
Saudi Arabia's Public Investment Fund is in advanced discussions to acquire a roughly 6% minority stake in PGA Tour Enterprises, which could value the entity at around $12 billion. This investment follows months of negotiations and comes after a separate agreement with Strategic Sports Group for a potential $3 billion investment. The discussions are significant as they occur amidst the ongoing rivalry between LIV Golf, backed by PIF, and the PGA Tour, which has seen fluctuating viewership and player engagement.
Source: YAHOO