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Golf Monthly
Golf Monthly
Sport
Jonny Leighfield

PGA Tour 'Close' To Securing $3 Billion Investment Deal That Does Not Initially Include Saudi Public Investment Fund

PGA Tour the PGA Tour PGA Tour Enterprises PIF Strategic Sports Group Yasir AlRumayyan United States
Jay Monahan speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.

The PGA Tour is close to completing a historic investment deal worth $3 billion with Strategic Sports Group, according to a report by Bloomberg. 

The consortium - led by Fenway Sports Group and also including New York Mets owner Steve Cohen’s Cohen Private Ventures, Atlanta Falcons owner Arthur Blank, and former Milwaukee Bucks co-owner Marc Lasry - is prepared to inject the money into PGA Tour Enterprises right away and will inflate the for-profit entity's valuation up to around $12 billion, per Bloomberg.

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