PGA Tour Nears Multibillion-Dollar Deals with U.S. Sports Team Owners Group and Saudi Arabia's PIF

The agreements could infuse over $7 billion into PGA Tour Enterprises and aim to stabilize the sport amid player defections and legal challenges.

PGA Tour is nearing a multibillion-dollar deal with Strategic Sports Group, a consortium of U.S. sports team owners, which would infuse more than $3 billion into a new for-profit entity, PGA Tour Enterprises.
PGA Tour is also in talks with Saudi Arabia's Public Investment Fund (PIF), which is financing the rival Golf League. If a deal is reached with both parties, more than $7 billion could be infused into PGA Tour Enterprises.
Under the terms of the agreements, the PGA Tour would retain control of the new for-profit entity; Strategic Sports Group and the PIF would be minority owners.
There is an increased urgency to finalize the deals after the LIV Golf League signed another PGA Tour star, Spain's Jon Rahm, on Dec. 7.
The potential deals aim to stabilize a fractured sport that has been stung by player defections, a federal antitrust lawsuit and skyrocketing operational costs as the rival circuits have battled for the best golfers in the world over the past two years.