Fenway Sports Group, the owners of Liverpool, participated in an agreement to finance the PGA Tour. John Henry, the major owner of Liverpool, is said to have rushed to the Caribbean for urgent negotiations following the most recent investment by Fenway Sports Group. In January, FSG led an investment in the PGA Tour, broadening its holdings. In addition to a number of other wealthy sports club owners, such as NBA player Wyc Grousbeck and NFL team Arthur Blank of the Atlanta Falcons, the Strategic Sports Group has made an initial investment in golf’s premier circuit for up to $3 billion.
Since a number of well-known players, including recent major champions John Rahm, Brooks Koepka, and Phil Mickelson, left the PGA, golf has become shattered. They chose to become a part of LIV, which is supported by the Public Investment Fund of Saudi Arabia, which also owns Newcastle United. The news that the PGA, LIV, and DP World Tour had reached an agreement to unite was unexpected in June of last year. However, a deadline of December 31 was missed, and over three months into the year, a settlement still needs to be negotiated. Thus, negotiations have been going on in the Bahamas prior to Tiger Woods’ Hero World Challenge. PGA player-director Patrick Cantlay announced during The Players Championship last weekend that he has scheduled talks with PIF representatives.
gonna take place. “Well, I have to hear what they have to say, and if I am at a meeting in that role, I will always try to represent the full membership,” Cantlay remarked. “I always believe that more information is better.” Cantlay did not specify who would be present during such negotiations. But earlier this month, Henry was added to the board of directors of PGA Tour Enterprises, the new business project in which SSG is involved. Additionally, according to Golf Monthly, Henry flew to the Bahamas for the discussions. Henry reportedly led a delegation to Saudi Arabia for talks in February.
PGA Tour commissioner Jay Monahan made the following statement before to The Players Championship: “Yasir Al-Rumayyan, the chairman of the PIF, and I recently met, and as we spend more time together, our conversations are moving forward. Our common goal is to reduce the commotion and advance golf. I want to restate my remarks from the August Tour Championship, but it will take some time. For the PGA Tour and the sport in general, I see success. Most significantly, I think our wonderful fans will benefit from this.