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The Latest Breaking News from PIF

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

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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

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

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

USA Today Sports Media Group

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

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"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"

Golf Monthly

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

Golf's future still holds more questions than answers.

USA Today Sports Media Group

Who Owns LIV Golf?

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

Golf Monthly

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.

Autosport

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.

USA Today Sports Media Group

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

The Guardian - UK

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

Golf Monthly

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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

USA Today Sports Media Group

Meet the Strategic Sports Group investors, PGA Tour and Saudi PIF executives vying for a place in pro golf’s future

Both tours, the SSG and PIF have an unprecedented opportunity to reshape professional golf as we know it.

USA Today Sports Media Group

Report: LIV Golf chairman Yasir Al-Rumayyan could face $74 million lawsuit in Canadian court

The potential lawsuit comes at a bad time for not just LIV Golf, but also the PGA Tour.

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The Guardian - UK

‘This is a global game’: outgoing DP World Tour golf chief takes dig at US

Keith Pelley, the soon-to-depart chief executive of the European Tour Group, has warned the PGA Tour and its members they must embrace the ‘global’ nature of golf

Golf Monthly

PGA Tour Board Member Says Jay Monahan Has ‘Totally Apologized’ For Handling Of Merger Announcement

Webb Simpson explained to Golfweek's Adam Schupak that Monahan has admitted his errors over the PGA Tour's secrecy of its deal with PIF

Golf Monthly

‘The Model Is Broken At The Purse Sizes We’ve Been Going The Last Year’ - Major Winner Hoping More Sponsors Don’t Quit PGA Tour

In an exclusive interview with Golfweek, Webb Simpson claims increased purse sizes are leading to sponsors pulling out

Golf Monthly

Report: Jay Monahan and Yasir Al-Rumayyan Make 'Substantial' Progress After First Conversation Since June

Jay Monahan and the Public Investment Fund chief are said to be closing in on a historic deal to end golf's long-running civil war

Golf Monthly

Keith Pelley 'Asked To Delay' DP World Tour Exit For Three Months As He 'Truly Believes' Golf's Merger Can Be Completed Before The Masters

The DP World Tour's CEO recently announced he would be heading back to Canada to head up Toronto's four main sports franchises, but he's optimistic golf will be unified before that point

Golf Monthly

'There's Great Players In Other Parts Of The World, And I Think We Miss That' - Morikawa Hoping Golf's Merger Goes Through

The American is tired of waiting for an agreement between Saudi Arabia's Public Investment Fund and the PGA Tour

FourFourTwo

Manchester City on red alert as Saudi Arabia make star player 'main target'

Manchester City could face a battle to keep hold of one of their key players

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