{"id":296978,"date":"2023-12-15T22:10:32","date_gmt":"2023-12-15T22:10:32","guid":{"rendered":"https:\/\/sportsloveme.com\/?p=296978"},"modified":"2023-12-15T22:10:32","modified_gmt":"2023-12-15T22:10:32","slug":"pga-tour-and-liv-golf-merger-could-get-3bn-boost-from-group-including-fsg","status":"publish","type":"post","link":"https:\/\/sportsloveme.com\/golf\/pga-tour-and-liv-golf-merger-could-get-3bn-boost-from-group-including-fsg\/","title":{"rendered":"PGA Tour and LIV Golf merger could get \u00a33bn boost from group including FSG"},"content":{"rendered":"

PGA Tour, DP World Tour and LIV Golf agree shock merger<\/h3>\n

The PGA Tour could be getting a whopping \u00a33bn boost from a group of billionaire sports team owners, including the bosses of Liverpool FC. This comes as talks about a possible merger with LIV Golf and the DP World Tour continue amid a six month-long stalemate.\u00a0<\/p>\n

Back in June, it seemed like peace was on the horizon for the golfing world when PGA chief Jay Monahan announced plans for a merger between the American-based tour, the DP World Tour and LIV Golf. But with the deadline for an agreement looming on December 31, it’s still unclear if these plans will come to fruition.<\/p>\n

However, according to ESPN, it looks like a deal with the Strategic Sports Group (SSE), which includes big names from American sports like Tom Werner and John W. Henry of FSG – the parent company of the Boston Red Sox and Liverpool FC – is almost done.<\/p>\n

If the deal goes through, it could lead to the creation of a new for-profit entity called PGA Tour Enterprises. Plus, a potential agreement with LIV owners PIF could see a massive $7 billion pumped into the new organisation, bringing together the commercial assets of the PGA Tour, PIF and DP World Tour.<\/p>\n

<\/p>\n

The deadline for a binding agreement is fast approaching, but it could be extended into the new year. PGA Tour boss Monahan and PIF governor Yasir\u00a0Al-Rumayyan are planning to meet before December ends, despite previous meetings having seemingly been postponed.\u00a0<\/p>\n

PGA Tour leaders know they’re up against the financial power of the Saudi Arabian circuit’s owners. The whopping $566.4m deal to get 2023 Masters champ Jon Rahm to join the Gulf State tour was one of PIF’s biggest moves yet.<\/p>\n

The chance of LIV Golf getting more top players to join in\u00a0the next few months\u00a0is high, especially as they plan to recruit more players for Rahm’s team. But, working with big-name partners from SSE might appeal to PIF officials.<\/p>\n

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