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The Latest Breaking News from PIF

Player equity in $3 billion PGA Tour Enterprises to be broken down into four groups

The majority of equity will be granted to 36 players based on career and last 5-year performance, PIP results.

USA Today Sports Media Group

Advisers could face 20 years in Saudi Arabia prison if they comply with U.S. investigation in PGA Tour, LIV Golf dealings

Discussions between the PGA Tour and Saudi PIF remain ongoing despite a $3 billion outside investment.

USA Today Sports Media Group

Top US consultancies face scrutiny over role in Saudi Arabia’s sports push

Senator suggests McKinsey, BCG and other firms may be violating federal disclosure rules

The Guardian - US

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Rory McIlroy Reaffirms PGA Tour-PIF Stance After Call With Jordan Spieth

Rory McIlroy and Jordan Spieth appear to disagree on the potential deal with the Tour and Saudi Arabia's Public Investment Fund

Golf Monthly

Al-Rumayyan Coy Over PGA Tour Investment In LIV Golf Update

LIV Golf chairman Yasir Al-Rumayyan says his Saudi PIF will evaluate possibly still investing in the PGA Tour in the future

Golf Monthly

Saudi Arabia and the politics of sportswashing

Saudi Arabia's use of sport to improve its image and distract from human rights abuses is explored, with athletes and countries complicit in the process. From buying foreign teams to inking multi-billion-dollar athlete contracts, Saudi Arabia is investing heavily in sport in a bid to change the global narrative around…

The Hindu

LIV Golf Chairman Yasir Al-Rumayyan updates players on potential future investment in PGA Tour Enterprises

The letter comes a day after the PGA Tour secured a $3 billion investment from the Strategic Sports Group.

USA Today Sports Media Group

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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

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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WEKU

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.

Golf Monthly

'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

USA Today Sports Media Group

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.

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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.

Golf Monthly

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

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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