Fenway moves forward in final talks to invest in PGA Tour's Saudi deal
Publishing timestamp: 2023-12-10 20:33:55
Summary
The PGA Tour is in talks with a consortium of investors led by Fenway Sports Group to become co-investors in a potential deal with Saudi Arabia's Public Investment Fund. The deadline for the deal is December 31. The consortium, named Strategic Sports Group, includes various investor and private equity names. The PGA Tour had previously turned down a proposal from Endeavor Group Holdings. The PGA Tour aims to further negotiate with Saudi PIF in the coming weeks. The deal has faced resistance from PGA Tour players and scrutiny from lawmakers.
Sentiment: NEUTRAL
Tickers: EDR,
Keywords: endeavor group holdings inc, jay monahan, sports, business news, golf, united states, business, saudi arabia,