Report: PIF “in advanced talks” to buy stake in PGA Tour

Whisper it, but a deal to end golf’s civil war may be tantalising close.

First reported by Bloomberg, the Public Investment Fund of Saudi Arabia (PIF) is in “advanced talks” to acquire a minority stake in PGA Tour Enterprises.

According to sources, this would amount to roughly 6% of the PGA Tour’s commercial arm, reportedly matching the $3bn investment made in the US-based circuit by the Strategic Sports Group (SSG) earlier this year.

If agreed, the deal – which would require regulatory approval – would complete almost 18 months of negotiations between the two entities.

It is not yet clear, however, what impact this would have on the future of the LIV Golf League.

Just last month, it was reported that the PIF was negotiating a deal with the DP World Tour that would cement LIV’s position on the calendar and give the DP World Tour ‘significant financial heft.’

MORE TO FOLLOW

Michael McEwan is the Deputy Editor of bunkered and has been part of the team since 2004. In that time, he has interviewed almost every major figure within the sport, from Jack Nicklaus, to Rory McIlroy, to Donald Trump. The host of the multi award-winning bunkered Podcast and a member of Balfron Golfing Society, Michael is the author of three books and is the 2023 PPA Scotland 'Writer of the Year' and 'Columnist of the Year'. Dislikes white belts, yellow balls and iron headcovers. Likes being drawn out of the media ballot to play Augusta National.

Deputy Editor