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(Reuters) – The PGA Tour stated on Sunday that it has unanimously determined to advance discussions with Strategic Sports Group (SSG), a consortium of U.S.-based sports activities group buyers that features Fenway Sports Group.
The PGA Tour Policy Board chosen SSG to additional negotiate with, whilst talks with the Saudi Arabia’s Public Investment Fund (PIF) proceed to progress, based on a press release posted to PGA’s web site.
“Further, the DP World Tour will continue to be an important part of the process as we build toward PGA TOUR Enterprises.” PGA stated.
Fenway Sports Group are the homeowners of Major League Baseball’s Boston Red Sox, in addition to Premier League membership Liverpool. The consortium additionally contains funding agency Cohen Private Ventures, New York Mets proprietor Steve Cohen’s household workplace and personal fairness agency HighPost Capital.
Reuters reported in September that Fenway Sports Group and Endeavor Group had been eager about investing within the PGA Tour and any potential transaction would rival PGA’s take care of the PIF.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Mark Porter and Diane Craft)
Disclaimer: This report is auto generated from the Reuters information service. ThePrint holds no responsibilty for its content material.
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