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Sports Illustrated

Matt Vincenzi

Report: Saudi Arabia Public Investment Fund to Acquire Share of PGA Tour Enterprises

PGA Tour PGA Tour Enterprises Saudi Arabia Public Investment Fund LIV Golf the PGA Tour Golf PIF the DP World Tour

The PGA Tour and the Saudi Arabia Public Investment Fund, chaired by Yasir Al-Rumayyan (left), have been in extended talks. | Jasen Vinlove-Imagn Images

Saudi Arabia's Public Investment Fund, the backers of LIV Golf, is reportedly nearing a deal to acquire a 6% stake in PGA Tour Enterprises.

According to a report Tuesday from Bloomberg, that minority stake would indicate a valuation of about $12 billion, which is in alignment with the terms that the Strategic Sports Group invested in PGA Tour Enterprises.

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