PGA Tour to Receive Investment from Strategic Sports Group

Investment, led by Fenway Sports Group, will cover only domestic rights and is separate from ongoing merger talks.

The PGA Tour is set to receive investment from the Strategic Sports Group, led by Fenway Sports Group, as early as next week.
The investment will be less than the previously reported $3 billion and will cover only the tour's domestic rights.
The Strategic Sports Group was chosen in December to negotiate for private equity investment, after reviewing proposals from many investors.
The investment deal is separate from ongoing merger talks between the PGA Tour, the main European tour, and Saudi-backed LIV Golf.
If the broader merger happens, the PGA Tour will remain in control of the for-profit entity, PGA Tour Enterprises, with the Strategic Sports Group as a minority owner.