Endeavor, Fenway Sports consider investment in the PGA Tour
Publishing timestamp: 2023-09-28 17:17:04
Summary
The article discusses how Endeavor Group Holdings and Fenway Sports Group are considering investing in the PGA Tour, potentially rivaling or coinciding with a deal proposed by Saudi Arabia's Public Investment Fund. The PGA Tour has attracted potential outside investors who are considering making a rival pitch to the Saudi-backed proposal. The discussions are in preliminary stages, and the specifics of the deal and its valuation are still being discussed. The article also mentions that the proposed deal between the PGA Tour and rival LIV Golf is currently under investigation and has faced criticism and controversy.
Sentiment: NEUTRAL
Keywords: business, world wrestling entertainment inc, golf, media, breaking news: business, endeavor group holdings inc, business news, pga tour, sports,
Source: https://www.cnbc.com/2023/09/28/endeavor-fenway-sports-consider-pga-tour-investment-.html