The PGA Tour is nearing a $3 billion investment from United States sports team owners amid ongoing negotiations with the Saudi Arabian Public Investment fund, which funds the PGA's biggest rival in LIV Golf, according to ESPN's Mark Schlabach and Don Van Natta Jr.
Strategic Sports Group, which includes Tom Werner and John Henry (Boston Red Sox, Pittsburgh Penguins), Arthur Blank (Atlanta Falcons) and Wyc Grousbeck (Boston Celtics), "would infuse more than $3 billion into a new for-profit entity, PGA Tour Enterprises," according to Schlabach and Van Natta.
Mark Attanasio (Milwaukee Brewers), Cohen Private Ventures (New York Mets), Tom Ricketts (Chicago Cubs) and Marc Lasry (Milwaukee Bucks, former co-owner) are also among the investors included in Strategic Sports Group.