May 19, 2024

Sports Group wrapping up a $3 billion investment into PGA Tour Enterprises…

Talks between PIF and the PGA Tour commissioner Jay Monahan were “accelerating” earlier this week.

This is true even though in January 2024 Strategic Sports Group will have completed a $3 billion investment in PGA Tour Enterprises.

The PIF may still become a minority investor in PGA Tour Enterprises in accordance with the terms of the PGA Tour and PIF’s ongoing framework agreement, as has been the intention from the shocking announcement on June 6, 2023.

Speaking at the Players Championship this week, Scott expressed his belief that PIF and 15-time major champion Woods should meet immediately.

At TPC Sawgrass, he stated to reporters:

“Ultimately the players are some of the vote going into whether a deal will happen or not, just like it was with SSG.”Regardless of anyone’s sentiments, I believe it is critical that we all get along given the gravity of the issues we are voting on.
“I would like to resolve this regardless of the outcome so that we can all move on,” the speaker said. “If the PIF believes that meeting is beneficial, then let’s get down to business.”

 

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