Saudi PIF nearing deal for stake in PGA Tour Enterprises -- with one major hold-up

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Saudi PIF nearing deal for stake in PGA Tour Enterprises -- with one major hold-up
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The PGA Tour and Saudi Arabia’s Public Investment Fund reached an agreement for the PIF to invest more than a billion dollars into the Tour’s commercial arm, finalizing a pact that the two sides fi…

The PGA Tour and Saudi Arabia’s Public Investment Fund reached an agreement for the PIF to invest more than a billion dollars into the Tour’s commercial arm, finalizing a pact thatThe minority stake will be roughly six percent, which would put it in line with the terms of an investment into PGA Tour Enterprises by Strategic Sports Group,Jay Monahan, Commissioner of the PGA Tour and Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund walk on course during day one of the Alfred...

The sides had shockingly announced they reached the framework of an agreement in June 2023 that would unite them. The PGA Tour and PIF had come to an agreement, per the Wall Street Journal, but federal regulators complicated things.Jay Monahan, Commissioner of the PGA Tour and Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund embrace during day one of the Alfred Dunhill Links Championship 2024t and said during the election that it would take him “the better part of 15 minutes to get that deal done.

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