Saudi PIF Nearing 6% Stake in PGA Tour Enterprises

The potential $1.5 billion investment could reshape professional golf but hinges on regulatory approval.

The Saudi Public Investment Fund (PIF) is close to acquiring a 6% stake in PGA Tour Enterprises, the for-profit arm of the PGA Tour.
The deal, reportedly valued at $1.5 billion, would align the PIF's investment with the $3 billion commitment from Strategic Sports Group, another investor in PGA Tour Enterprises.
The agreement marks a significant step in the ongoing negotiations between the PGA Tour and PIF, which began after the launch of Saudi-backed LIV Golf in 2022.
Regulatory approval from U.S. authorities remains a major hurdle, with the Justice Department currently reviewing the deal.
The investment could pave the way for increased collaboration between PGA Tour and LIV Golf players, potentially reshaping the structure and scheduling of professional golf tournaments.