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The Latest Breaking News from PIF

8 Takeaways From Tiger Woods’ First Press Conference Of 2024

Woods spoke to the media before his appearance at the Genesis Invitational – here are some of the key points from it

Golf Monthly · Feb 14, 2024

‘We’re in a great position’: Tiger Woods claims PGA Tour doesn’t need PIF cash

Tiger Woods has joined Jordan Spieth in casting doubt on a future PIF deal, praising Strategic Sports Group for its ‘great leaders’ and ‘amazing brains’

The Guardian - UK · Feb 14, 2024

Tiger Woods Gives Update On PGA Tour Negotiations With Saudi Arabian PIF

Tiger Woods says the PGA Tour is still keen to work with the Saudi Arabian Public Investment Fund following the recent $3bn deal with Strategic Sports Group

Golf Monthly · Feb 14, 2024

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From 'Dead In The Water' To 'Let Them Come Back' - What Rory McIlroy Has Said About LIV Golf Since The Rival Tour's Inception

Rory McIlroy has been an ardent critic of LIV since its inception in 2022 - here's a timeline of some of his comments about the Saudi-backed circuit

Golf Monthly · Feb 9, 2024

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 · Feb 7, 2024

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 · Feb 7, 2024

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 · Feb 6, 2024

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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 · Feb 3, 2024

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 · Feb 2, 2024

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 · Feb 2, 2024

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 · Feb 1, 2024

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.

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 · Feb 1, 2024

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 · Jan 31, 2024

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USA Today Sports Media Group · Jan 31, 2024

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 · Jan 31, 2024

‘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.

Golf Monthly · Jan 31, 2024

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

The Guardian - UK · Jan 31, 2024

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

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WEKU · Jan 31, 2024

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 · Jan 31, 2024

'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 · Jan 31, 2024

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 · Jan 31, 2024

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 · Jan 31, 2024

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 · Jan 30, 2024

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 · Jan 29, 2024

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

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