LIV Golf Investment into PGA TOUR Nearly FINALIZED: report

LIV Golf financier Saudi PIF is close to finalizing a $12 billion investment into PGA TOUR Enterprises, a new report reveals.

The investment would give the PIF a 6 percent stake in the PGA TOUR and would potentially bring the sport back together after years of separation.

On Tuesday morning, Bloomberg reported that the two sides are nearing the deal, which would require regulatory approval.

NEW: the Saudi PIF is in “advanced talks” for a 6% stake in PGA Tour Enterprises at a valuation of ~$12 billion, per @business

It would require regulatory approval which may be easier to come by with the new administration, but no word on the fate of LIVhttps://t.co/absSC0Z3ZU

— John Nucci (@JNucci23) December 10, 2024

It is likely that it would come with the Trump administration coming in, as the President-elect has said he could resolve the issue in a few days.

The report cites “people with knowledge of the matter” and states that they wished not to be identified because the information is private. It would be the second major investor in the PGA TOUR since Strategic Sports Group, also known as SSG, pleaded to invest as much as $3 billion earlier this year.

The PGA TOUR declined to comment, but a PIF rep “couldn’t immediately comment.”

It would be a solution that many have been waiting for as the game of golf has been incredibly divided for the last several years.

Cover Image via CBS Sports