PGA Tour turn to Tiger Woods in desperate attempt to validate $3bn investment deal

PGA Tour turn to Tiger Woods in desperate attempt to validate $3bn investment deal

PGA Tour turn to Tiger Woods in desperate attempt to validate $3bn investment deal

Tiger Woods heralded the PGA Tour’s new deal after receiving a huge cash injection from an investment group that includes Liverpool owner John W. Henry and Fenway Sports Group
2024

The tour announced the deal, fronted by Liverpool owner John W. Henry, on Wednesday after negotiations were completed late on Tuesday evening, bringing an immediate $1.5b (£1.2b) cash injection, with the potential for that investment to double over time. New York Mets owner Steven A. Cohen and Atlanta Falcons supremo Arthur Blank are also part of the investment group.

The deal will give almost 200 PGA Tour members the opportunity to hold equity in newly-formed PGA Tour Enterprises, seen as a reward for loyalty amid the LIV Golf breakaway. The SSG investment is not directly tied to the PGA Tour’s ongoing negotiations with LIV backers the Saudi Arabia Public Investment Fund, with merger talks that would heal the fractures in the elite game being held up by US Government scrutiny.

 

James

Not again 😭 in golf community as famous golf players were caught and being sentence to….   recent years, the global pandemic has changed a lot of things, and has me reflecting,” she said.  “It is time to slow down a little, focus more on my personal growth, and spend some time with my family.”  Feng told AFP in Tokyo it had been an honour to represent her country, for potentially the last time.  “We’re representing our own countries and we’re not playing for prize money, we’re playing for honour,” she said at Kasumigaseki Country Club, where she could not repeat her medal heroics of five years earlier, finishing eighth.  “Out of all my achievements, I would say a medal at the Olympics is very special,” said Feng, whose only major win came at the 2012 US PGA Championship.  “Even though I’ve been a major winner, think about it, we have five majors every year, in four years we have 20 chances to win a major.  ‘  “So I would say it’s harder, much harder, to get a medal at the Olympics. It was the most memorable moment of my career.”  Brought up in China’s southern Guangdong province, neighbouring Hong Kong, an 18-year-old Feng became the first Chinese player to earn an LPGA tour card in 2007.  The easy-going Feng went on to be the first Chinese player, man or woman, to win a major and lifted 10 LPGA titles during her 14 active years on the tour.  In 2017, Feng became the only Chinese golfer to date to reach the world No 1 ranking.  During a supremely consistent career, Feng registered 18 top-10 finishes in majors, two of them in 2021 even as she was winding down her playing commitments.

Not again 😭 in golf community as famous golf players were caught and being sentence to…. recent years, the global pandemic has changed a lot of things, and has me reflecting,” she said. “It is time to slow down a little, focus more on my personal growth, and spend some time with my family.” Feng told AFP in Tokyo it had been an honour to represent her country, for potentially the last time. “We’re representing our own countries and we’re not playing for prize money, we’re playing for honour,” she said at Kasumigaseki Country Club, where she could not repeat her medal heroics of five years earlier, finishing eighth. “Out of all my achievements, I would say a medal at the Olympics is very special,” said Feng, whose only major win came at the 2012 US PGA Championship. “Even though I’ve been a major winner, think about it, we have five majors every year, in four years we have 20 chances to win a major. ‘ “So I would say it’s harder, much harder, to get a medal at the Olympics. It was the most memorable moment of my career.” Brought up in China’s southern Guangdong province, neighbouring Hong Kong, an 18-year-old Feng became the first Chinese player to earn an LPGA tour card in 2007. The easy-going Feng went on to be the first Chinese player, man or woman, to win a major and lifted 10 LPGA titles during her 14 active years on the tour. In 2017, Feng became the only Chinese golfer to date to reach the world No 1 ranking. During a supremely consistent career, Feng registered 18 top-10 finishes in majors, two of them in 2021 even as she was winding down her playing commitments.

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