Boston Red Sox And Liverpool FC Owners Eye Co-investment in PGA Tour-Saudi Arabia Partnership
  • 4 months ago
A consortium led by Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC, has been chosen for final talks to become co-investors in a potential deal between the PGA Tour and Saudi Arabia's Public Investment Fund. The deal being discussed would see the Saudi PIF invest in the PGA Tour in exchange for a stake. The PGA Tour and Saudi PIF had originally agreed to a merger in June but have been negotiating specifics. A deadline of December 31st was set to finalize the deal between the PGA Tour and Saudi PIF. The potential deal faces scrutiny from lawmakers concerned about Saudi influence.