• Loading stock data...
Wednesday, April 23, 2025

PGA Tour Reportedly Narrows Field To Final Five Investment Bidders

  • Golf property now looking at quintet of financial heavyweights.
  • Search for investment partners continues as deal with Saudi Arabia’s PIF is uncertain.
John David Mercer-USA TODAY Sports

The PGA Tour’s ongoing search for investment partners has reportedly winnowed to a small group of heavyweight candidates.

Just days after the PGA Tour turned down a potential investment from Endeavor and after more than a dozen initial suitors sought to strike a deal, Golfweek said the property is now focused on five groups:

Those suitors include:

• Fenway Sports Group, parent group of the Boston Red Sox, Pittsburgh Penguins, Liverpool FC, and most recently, a franchise in the new TGL indoor golf league.

• Acorn Growth Company, an Oklahoma-based private equity firm.

• Liberty Strategic Capital, a firm led by Steven Mnuchin, U.S. Secretary of the Treasury during the Trump Administration

• Eldridge Industries, led by Chelsea owner, Los Angeles Dodgers part-owner, and key Vivid Seats backer Todd Boehly

• The Friends of Golf Group, a collection of financial titans and Wall Street veterans with a shared love of golf.

Lofty Stature

All told, the group of possible partners represent some of the leading figures in U.S. finance. That list of potential investors has emerged as LIV Golf’s backer — Saudi Arabia Public Investment fund — is seeking to invest at least $1 billion in a new, for-profit company called PGA Tour Enterprises.

But the discussions with these other investors are ongoing as the partnership between the PGA Tour and the Saudi PIF is on rocky ground

Golf journalist Alan Shipnuck, meanwhile, reported that FSG “put in a monster bid to usurp the PIF.”

The PGA Tour’s board of directors is due to meet on Nov. 12, and its possible further movement on an investment selection could arrive then.

Should the PGA Tour complete a deal with one of these entities, it would likely reignite the bitter rivalry with LIV Golf that shook the sport to its core. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Cristina Daglas
exclusive

ESPN Executive Editor Cristina Daglas Out After HR Investigation

Daglas was placed on administrative leave in January.
Flau'jae Johnson
exclusive

Flau’jae Johnson Says She Will Return to LSU

The transfer portal closed Wednesday.
exclusive

Fox, Julie Stewart-Binks Discussing Settlement Over Sexual Assault Suit

A court extended a deadline for Fox’s answer to May 9.

NFL Draft Hosts: D.C., Denver, Buffalo Among Future Contenders

Pittsburgh will host in 2026, but 2027 and beyond is to be determined.

Featured Today

Apr 5, 2025; San Antonio, TX, USA; Duke Blue Devils forward Cooper Flagg (2) reacts after a three point basket against the Houston Cougars during the first half in the semifinals of the men's Final Four of the 2025 NCAA Tournament at the Alamodome.

Cooper Flagg’s Timing Is Perfect for the NBA and USA Basketball

The projected No. 1 pick just declared for the draft.
Apr 14, 2025; New York, New York, USA; Paige Bueckers is interviewed by ESPN after being selected with the number one overall pick to the Dallas Wings in the 2025 WNBA Draft at The Shed at Hudson Yards
April 21, 2025

ESPN’s WNBA Coverage Mirrors the League’s Stunning Growth

“I don’t think we stand still in our coverage of women’s sports,” says Rowe.
Mar 16, 2025; Milwaukee, Wisconsin, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) celebrates with guard Isaiah Joe (11) after score in the fourth quarter against the Milwaukee Bucks at Fiserv Forum.
April 20, 2025

Unorthodox OKC: The Thunder Redefined Tanking to Become NBA’s Best

A rebuild years in the making has OKC in the driver’s seat.
Mar 13, 2020; Augusta, GA, USA; The front entrance at Augusta National Golf Club in Augusta, Ga., Friday morning. The Masters Tournament has been postponed due to coronavirus concerns.
opinion
April 20, 2025

What’s It Like to Play Augusta? A Day on the World’s Most..

Inside a round at the most exclusive club in the world.
Vancouver

PWHL Picks Vancouver for First Expansion Team

More than 19,000 fans attended a game in Vancouver in January.
April 23, 2025

NHL’s U.S. Playoff TV Ratings Down 27% in Early Games

This season’s numbers were down 12% compared to the 2023–2024 season.
USL
April 23, 2025

USL Super League Sells Its Name in Push for Soccer Relevance

The deal was for seven figures.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

This week, Two-time Super Bowl Champion and CBS NFL analyst Logan Ryan joins us to talk the business of sports on our third installment of Portfolio Players.
April 23, 2025

Green Bay Gears Up for One of the Most Distinct NFL Drafts..

Around 250,000 fans are expected to attend this year’s draft.
April 22, 2025

Masters Champ McIlroy Set to Draw Big Crowds (Again) at Zurich Classic

The Zurich Classic is expecting to break its attendance record.
July 18, 2009; Turnberry, SCOTLAND; Tom Watson (USA) makes a bogey on the 18th to take the championship to a playoff with Stewart Cink (USA) during the final round of the 2009 British Open at Turnberry Country Club.
April 22, 2025

R&A Opens Door to Taking Major Championship Back to Trump Turnberry

The course last hosted the Open Championship in 2009.
April 22, 2025

Adam Silver Floated 10-Minute Quarters. NBA Players Said No

NBA players gave mixed thoughts on the high volume of three-point shots.