Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal
Publishing timestamp: 2023-11-06 14:25:13
Summary
Fenway Sports Group Chairman Tom Werner confirmed that the company has had "conversations" with the PGA Tour. This raises concerns about the PGA Tour's proposed business combination with Saudi-backed LIV Golf. There is speculation that Fenway Sports Group could make a competitive offer. The PGA Tour-LIV Golf combination was never finalized beyond a framework agreement. There have been criticisms and anger surrounding the deal, with critics claiming it was a means for Saudi Arabia's Public Investment Fund to gain influence in the US through sports investments. PGA Tour star Rory McIlroy expressed disdain for LIV Golf in the past but now hopes for a renewed rivalry between the PGA Tour and LIV Golf.
Sentiment: MIXED
Keywords: sports, world wrestling entertainment inc, media, golf, saudi arabia, business news, breaking news: business, endeavor group holdings inc, business,
Source: https://www.cnbc.com/2023/11/06/fenway-chairman-confirms-pga-tour-talks.html