Liverpool’s Fenway Sports Group Eyes PGA Tour Investment

Liverpool chief Tom Werner has revealed that Fenway Sports Group is considering investing in the PGA Tour, putting them in direct competition with Newcastle’s Saudi Public Investment Fund (PIF) and their LIV Golf brand. The move comes after reports in September that Liverpool’s owners were looking to form a bid to have a stake in the PGA, which would rival the PIF’s interests. The Liverpool ECHO reported that the owners are keen to expand their portfolio beyond the Anfield club and other sports, with golf being the next target. Talks have taken place, but details remain undisclosed. This potential move by Liverpool is seen as a blow to the PIF and their LIV Golf brand, which has been embroiled in controversy since its creation in 2021. The PGA had initially opposed the new league but later announced a merger, creating uncertainty around the future of the PGA-LIV rivalry. This development has also attracted the interest of external investors, prompting FSG to explore opportunities in the golfing world. The framework of a deal between the PGA and PIF is reportedly fragile, which could lead to the PGA-LIV rivalry intensifying.

Leave a Reply

Your email address will not be published. Required fields are marked *