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Golf Monthly

Sport

Jonny Leighfield

PGA Tour Confirms $3 Billion Investment - But The Saudi PIF Isn’t Involved (Yet)

PGA Tour PIF Tour Jay Monahan the PGA Tour SSG Jon Rahm Fenway Sports Group LIV PGA Tour Enterprises

A split screen image of PGA Tour commissioner Jay Monahan (left) and Liverpool owner and Fenway Sports Group founder John W Henry.

The PGA Tour has completed a historic investment deal with Strategic Sports Group worth around $3 billion through its new commercial venture PGA Tour Enterprises, the long-standing circuit has confirmed.

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 preparing to inject the money into PGA Tour Enterprises which will increase the for-profit entity's valuation up to around $12 billion.

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