The PGA Tour policy board announced it had agreed to progress discussions with the Strategic Sports Group, an outside investment group consisting of U.S. based professional sports teams investors. The PGA Tour’s policy board announced on Dec. 10 that it had agreed to advance discussions with the Strategic Sports Group (SSG), an outside investment group comprised of U.S.-based professional sports team investors.
On New Year’s Day, PGA Tour Commissioner Jay Monahan informed players of the “meaningful” progress made in negotiations with SSG. While the Dec. 31 deadline for the PIF framework agreement was missed, the discussions with Saudi-backed fund remained active and productive.
ESPN estimates that $7 billion could be at stake if both the SSG & PIF were involved. The SSG and PIF both have a unique opportunity to change professional golf. Decisions made in the coming weeks and months may propel the game into the future. If agreements are not reached and the division continues at the professional level, the sport that we all love may quickly become tennis where only the majors get in-depth coverage, while the week to week action on the tour is relegated as a footnote.
Get to know those who could have a major role in the future of professional golf. From the SSG consortium to the PIF and PGA Tour executive involved.
MORE Breaking Down the Impact of Extending PGA Tour, Saudi PIF, and Investor Negotiations
