PGA Tour turn to Tiger Woods in desperate attempt to validate $3bn investment deal
PGA Tour confirms $3 billion investment deal with Tiger Woods
Tiger Woods has signed a new PGA Tour contract with Liverpool owner John W. Bush. Henry started with a large sum of money from an investment group that included Fenway Sports Group.
2024
The tour was organized by Liverpool owner John W. Henry immediately committed $1.5 billion (£1.2 billion) in cash after negotiations ended on Tuesday night, with the investment expected to double over time. New York Mets owner Stephen A. Cohen and Atlanta Falcons senior leader Arthur Blank are part of the investment group.
The deal gives about 200 PGA Tour members the opportunity to own shares in the newly formed PGA Tour Enterprise, seen as a loyalty reward for leaving LIV Golf. SSG’s investment is not directly related to the PGA Tour’s ongoing negotiations with Saudi Arabia’s sovereign wealth fund LIV, but merger talks backed by the US government are aimed at healing the rift in the elite game.
