{"id":292560,"date":"2023-09-29T14:36:39","date_gmt":"2023-09-29T14:36:39","guid":{"rendered":"https:\/\/sports-life-news.com\/?p=292560"},"modified":"2023-09-29T14:36:39","modified_gmt":"2023-09-29T14:36:39","slug":"endeavor-fsg-eye-pga-tour-investment-as-potential-saudi-alternative","status":"publish","type":"post","link":"https:\/\/sports-life-news.com\/golf\/endeavor-fsg-eye-pga-tour-investment-as-potential-saudi-alternative\/","title":{"rendered":"Endeavor, FSG eye PGA Tour investment as potential Saudi alternative"},"content":{"rendered":"<h1>PGA Tour: Endeavor and Red Sox chiefs Fenway Sports eye investment as potential alternative to controversial Saudi Arabia deal<\/h1>\n<ul>\n<li><span>The PGA agreed to a shock merger with Saudi&#8217;s sovereign wealth fund in June<\/span><\/li>\n<li><span>But Endeavor and FSG, along with businessman Henry Kravis, are also interested<\/span><\/li>\n<li><span>DailyMail.com provides all the latest international sports news\u00a0<\/span><\/li>\n<\/ul>\n<p>Endeavor Group Holdings and Fenway Sports Group are among US investors exploring a potential deal with the PGA Tour, according to reports.<\/p>\n<p>Back in June, PGA officials agreed to a shock merger with Saudi Arabia&#8217;s Public Investment Fund &#8211; the country&#8217;s sovereign wealth &#8211; as well as the DP World Tour.\u00a0<\/p>\n<p>The stunning news came after months of controversy and back-and-forth between the two rivals as Saudi&#8217;s breakaway LIV Golf competition lured some of the best players in the game away from the traditional tour.<\/p>\n<p>Talk of a potential agreement with LIV has raised fears among US lawmakers, who have voiced their concerns over the deal &#8211; which is still a long way from completion as the two parties iron out financial terms and regulatory issues.<\/p>\n<p>Yet according to Bloomberg, Saudi could face competition from a number of American investors in their bid to buy shares in the PGA Tour.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/29\/13\/75976847-12575313-image-a-5_1695992302500.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Endeavor Group is reportedly among US investors exploring a potential deal with the PGA Tour<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/29\/13\/75976901-12575313-image-a-9_1695992310884.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Fenway Sports Group, led by founder John W. Henry, is also understood to be interested<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/29\/14\/71991509-12575313-Yasir_Al_Rumayyan_the_governor_of_Saudi_Arabia_s_Public_Investme-m-12_1695992647184.jpg\" height=\"526\" width=\"634\"><\/p>\n<p>The PGA Tour agreed a shock merger with Saudi Arabia&#8217;s Public Investment Fund back in June\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/29\/14\/75977153-12575313-image-a-14_1695992700069.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>The stunning news came after Saudi&#8217;s breakaway LIV Golf competition lured some of the best players in the game, including Dustin Johnson (pictured), away from the traditional tour<\/p>\n<p>Endeavor &#8211; the holding company which just sealed a $21million merger of the\u00a0WWE and UFC &#8211; is said to be one of those groups eyeing investment into the historic golf tour.<\/p>\n<p>Also interested is FSG, which owns both MLB&#8217;s Boston Red Sox and Premier League soccer team Liverpool.<\/p>\n<p>Another potential suitor is KKR &amp; Co. founder Henry Kravis, the global investment tycoon who has an estimated net worth of $10.5billion.<\/p>\n<p>All of these investors are set to provide the PGA Tour with a possible alternative to a controversial deal with Saudi, although the report goes on to suggest they would also be open to partnering with PIF.<\/p>\n<p>However, as things stand discussions are merely preliminary and no transactions are guaranteed.<\/p>\n<p>&#8216;Throughout 2023, the PGA Tour has demonstrated its strength, reach and value as an enterprise,&#8217; a spokesman for Ponte Vedra Beach, Florida-based PGA said in a statement.<\/p>\n<p>&#8216;Our focus continues to be on finalizing an agreement with the Public Investment Fund and the DP World Tour, however, our negotiations have resulted in unsolicited interest from other investors.&#8217;<\/p>\n<p>Under the terms of its proposed deal with the PGA, PIF will obtain the exclusive right to further invest in the new entity, which includes a right of first refusal on any invested capital.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/29\/14\/75976891-12575313-image-a-15_1695992729072.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Endeavor &#8211; the holding company which just sealed a $21million merger of the WWE and UFC &#8211; is said to be one of several US groups eyeing investment<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/29\/14\/75977357-12575313-image-a-16_1695992769291.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Red Sox and Liverpool owners FSG could also rival Saudi&#8217;s PIF for the PGA Tour<\/p>\n<p>Endeavor, with a market value of around $9.5billion, successfully took over the WWE and UFC this month after completing a historic merger through its new publicly listed company TKO Group Holdings.<\/p>\n<p>FSG, led by founder John W. Henry, has a number of high-profile backers, including\u00a0basketball star LeBron James.<\/p>\n<p>The group already has ties to the PGA Tour, with one of its divisions involved in the Deutsche Bank Championship as well as the Ladies Professional Golf Association.\u00a0<\/p>\n<p>It\u00a0is also an investor in Tiger Woods and Rory McIlroy planned golf league TMRW Sports.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/golf\/article-12575313\/PGA-Tour-Endeavor-Red-Sox-Fenway-Sports-Saudi-Arabia.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PGA Tour: Endeavor and Red Sox chiefs Fenway Sports eye investment as potential alternative to controversial Saudi Arabia deal The PGA agreed to a shock merger with Saudi&#8217;s sovereign wealth fund in June But Endeavor and FSG, along with businessman Henry Kravis,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":292559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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