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The Latest Breaking News from PIF

PGA Tour Secures Billion Investment, Players Become Owners

The PGA Tour announces a billion investment from Strategic Sports Group, allowing players to become equity owners in the new PGA Tour Enterprises.

Top News

Does The PGA Tour Still ‘Need’ PIF Money? Jordan Spieth Discusses New $3bn SSG Deal

Jordan Spieth says the Strategic Sports Group investment means the PGA Tour is not dependent on the Saudi PIF - who must now meet the players' demands to do a deal

Golf Monthly

Lynch: The PGA Tour’s new billions will further enrich players, so when will fans see a return?

This deal likely portends a radical (and long overdue) reassessment of the Tour’s product and operations.

USA Today Sports Media Group

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Greg Norman sends letter to LIV Golf staff regarding $3 billion investment in PGA Tour

"Nothing announced by other tours or investment groups changes LIV Golf’s positive trajectory or future plans."

USA Today Sports Media Group

‘Any investment into the game of golf is gigantic’: LIV Golf players react to $3 billion outside investment in PGA Tour

"What I can say is that any investment into the game of golf is gigantic, especially on their side," said DeChambeau.

USA Today Sports Media Group

Keith Pelley Responds To PGA Tour’s New $3bn Deal

The DP World Tour CEO has written to members following the announcement that the Strategic Sports Group is investing $3bn in the PGA Tour

Golf Monthly

PGA Tour unveils $3bn partnership deal to reward players who resist LIV

The PGA’s funding comes via a consortium led by the owners of Liverpool FC and will benefit marquee names such as Rory McIlroy and Tiger Woods

The Guardian - UK

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PGA Tour strikes a $3 billion deal with a sports owners investment group

The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises.

WEKU

'Where Do We Stand In All Of This?' - DP World Tour Pros Question $3bn PGA Tour SSG Deal

Several DP World Tour players have reacted to the announcement that the Strategic Sports Group is investing $3bn in the PGA Tour

Golf Monthly

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

The historic deal is set to give PGA Tour players the chance to collectively access $1.5 billion in equity shares, while investment from the Saudi PIF may still arrive in the future as the men's pro game aims for some kind of unity

Golf Monthly

Strategic Sports Group, PGA Tour finalize $3 billion investment deal to create PGA Tour Enterprises

SSG will initially invest $1.5 billion into the new for-profit entity.

USA Today Sports Media Group

PGA Tour Commissioner Jay Monahan invites membership to ‘important’ update on Wednesday

Golfweek also has learned that a Tour Player Advisory Council call is scheduled ahead of the larger update.

USA Today Sports Media Group

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

Strategic Sports Group are set to make a significant investment in the PGA Tour that could push the value of PGA Tour Enterprises up to around $12 billion

Golf Monthly

Golf Saudi 'Indefinitely Delay' Planned Merger Between LPGA And Ladies European Tour

A merger vote - scheduled for November 2023 - was postponed at the last minute after Golf Saudi asked for "further information" on the terms of any deal

Golf Monthly

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USA Today Sports Media Group

LIV Golf fumbled the Jon Rahm signing, stalling its momentum for 2024 season

LIV squandered an opportunity to take a much-needed step forward.

Golf Monthly

Report: PGA Tour Closing In On Investment Deal With Strategic Sports Group

The PGA Tour has been advancing in negotiations with the consortium of US sports owners as well as Saudi Arabia's Public Investment Fund

Golf Monthly

"I Think The Deal Is Going To Come Quicker Than You Think' - Bryson DeChambeau Says Agreement Is Coming 'In A Month Or So'

Bryson DeChambeau says that a final agreement between the Saudi PIF and PGA Tour will be done "in about a month or so"

USA Today Sports Media Group

Why did the LPGA-LET merger vote not happen? The answer is Golf Saudi

Golf's future still holds more questions than answers.

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Golf Monthly

Who Owns LIV Golf?

The circuit has made a huge impact on the game since it launched, but who owns it?

Autosport

Agag lands major new deal as Saudis go big on electric motorsport

The PIF calls this programme “Electric 360”, reflecting that it covers all three electric series.

USA Today Sports Media Group

Lynch: Ugly allegations about its Saudi partner are a worrying omen for the PGA Tour

On paper, Al-Rumayyan’s latest entanglement could be viewed as a squabble between stooges for a despotic government.

The Guardian - UK

Sport can’t afford to look away from damage done by deals with Saudi Arabia

Allegations against Newcastle chairman Yasir al-Rumayyan could mean potential reputational cost to myriad sports

Golf Monthly

Cantlay 'Cares Deeply' About Responsibility Of Getting Best Deal Possible For PGA Tour Players

Patrick Cantlay "cares deeply" about his responsibility of helping broker a PGA Tour-PIF deal, saying it is his top priority to get the best for current and future players

The Guardian - UK

Newcastle chairman faces £58m lawsuit for ‘carrying out’ malicious instructions

Newcastle United’s chairman, Yasir al-Rumayyan, is alleged to have ‘carried out the instructions’ of Saudi Arabia’s crown prince Mohammad bin Salman with ‘malicious intent’

FourFourTwo

Newcastle chairman reportedly slapped with £58m lawsuit: What does this mean for the Magpies?

Newcastle chairman Yasir Al-Rumayyan has reportedly been handed a multi-million-pound lawsuit stemming from legal allegations, including citing to harm, silence, and ultimately destroy a former Saudi Arabia intelligence chief’s family

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