• Loading stock data...
Thursday, October 9, 2025

FSG Confirms PGA Tour Talks After Report of Large Offer

  • Fenway Sports Group is speaking to the PGA Tour about potential investment.
  • Negotiations with Saudi Arabia’s Public Investment Fund continue.
John David Mercer-USA TODAY Sports

With each day that passes, the PGA Tour gets closer to its self-imposed Dec. 31 deadline to complete a deal with Saudi Arabia’s Public Investment Fund — which is looking to pump at least $1 billion into golf’s top circuit.

But as the negotiations drag on, one of the top reported competitors to the PIF has publicly acknowledged its desire to work with the PGA Tour. “We confirm that we’ve had conversations,” Fenway Sports Group chairman Tom Werner told CNBC.

Werner wouldn’t provide any further details, but his words give more credence to a report that emerged over the weekend saying FSG was one of five remaining bidding groups still talking with the PGA Tour. FSG is the second bidder to confirm its interest, along with Endeavor, which is no longer under consideration.

A key element of FSG’s proposal is that it’s in partnership with fellow billionaire sports owners, the New York Mets’ Steve Cohen and Atlanta Falcons’ Arthur Blank. FSG, Cohen, and Blank are also all three team owners in the new TGL virtual golf league, which was co-founded by Tiger Woods and Rory McIlroy and has a partnership with the PGA Tour.

While reports have indicated that FSG and other interest investors could replace the PIF’s involvement, it’s also possible that any new group would simply be in addition to the PIF — something for which McIlroy sees the benefits. “When this is all said and done, I sincerely hope the PIF are involved and we can bring the game of golf back together,” he said.

Any deal not involving the PIF would likely guarantee further disruption from its LIV Golf league, while a deal in conjunction with the PIF would give the PGA Tour at least some say in LIV’s future.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Amazon Adds Golf to Its Packed Black Friday Sports Lineup With NFL,..

On Nov. 28, The Skins Game will return for the first time since 2008.
Jul 19, 2019; South Bend, IN, USA; Liverpool defender Virgil van Dijk (4) passes the ball in the second half of a preseason preparation soccer match against the Borussia Dortmund at Notre Dame.

Liverpool’s $598M Gamble Looks Pretty Average on the Pitch—So Far

Liverpool struggles after historic offseason spending and lofty expectations.
[US, Mexico, & Canada customers only] Mar 16, 2025; Singapore, SINGAPORE; Joaquin Niemann in action during the final round of LIV Golf Singapore at Sentosa Golf Club.

LIV Golf Lost $461M in Non-U.S. Operations in 2024

Public financial filings were released this week in the U.K.
[US, Mexico & Canada customers only] Sep 27, 2025; Bethpage, New York, USA; Team Europe's Matt Fitzpatrick celebrates with Tyrrell Hatton after holing his putt to win the hole on the 9th hole during the four-balls on the second day of competition for the Ryder Cup at Bethpage Black.

Ryder Cup Fallout Continues As PGA of America Leaders Take Heat

European players are still not happy with the fan behavior.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Mar 15, 2025; Buffalo, New York, USA; Vegas Golden Knights center Jack Eichel (9) reacts after scoring a goal during the third period against the Buffalo Sabres at KeyBank Center.

How Connor McDavid’s Extension Set Off a Wave of Big-Money Deals

Several notable contracts are completed in the wake of the superstar’s deal.
exclusive
October 8, 2025

Bud Selig: ‘Remarkable’ Brewers Run Can’t Mask MLB’s Money Divide

The former commissioner lauds his hometown team while raising economic concerns.
Alexis Ohanian
October 8, 2025

Alexis Ohanian Tweaks Track Rivals With Promise of Instant Payments

Athletes will be paid minutes after finishing their races at Athlos.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
October 8, 2025

MLB’s Rare October Day: Four Playoff Games, Four Possible Clinchers

Four separate clinching opportunities are available during the day.
October 7, 2025

‘Absolutely Ridiculous’: Trump Blasts NFL Over Bad Bunny Choice

The president predictably panned the NFL’s selection of the Puerto Rican superstar.
Maverick Carter, LeBron James
exclusive
October 7, 2025

New International Basketball League Plans Launch, Without Maverick Carter

The venture plans to launch men’s and women’s leagues next fall.
Taylor Swift
October 7, 2025

Taylor Swift Explains Why She Isn’t Playing Super Bowl Halftime

She said she’s “too locked in” on Travis Kelce’s season to perform.