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Sept 28 (Reuters) – Sports behemoths Endeavor Group Holdings (EDR.N) and Fenway Sports Group are amongst U.S. buyers exploring investing within the PGA Tour, Bloomberg News reported on Thursday, citing individuals acquainted with the matter.
Any potential transaction might rival a deal that PGA — a premier golf group — has signed with Saudi Arabia’s Public Investment Fund (PIF), in response to the report.
Though some U.S. buyers choose to guide a deal, they may additionally associate with the PIF, the report mentioned.
PGA and Endeavor didn’t instantly reply to Reuters’ requests for remark. Fenway declined to remark.
In June, PGA, DP World Tour and Saudi-backed LIV circuit, who had been concerned in a bitter struggle that break up the world of golf, introduced an settlement to merge and type one unified industrial entity.
The deal turned a hot-button problem within the sporting world, and a few U.S. lawmakers turned skeptical.
PGA mentioned on Wednesday its deliberate merger with LIV and DP World Tour has garnered unsolicited interest from buyers however its focus stays on “finalizing” an settlement with the PIF.
Fenway owns Major League Baseball’s Boston Red Sox and Premier League membership Liverpool. Endeavor is almost all proprietor of TKO Group Holdings (TKO.N), a sports activities and leisure firm comprising Ultimate Fighting Championship and the World Wrestling Entertainment.
Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles.
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