The Golf War: The PGA Tour and its $3 Billion Plan to Compete with the Arabs

He PGA Tour reached an agreement with the group Strategic Sports Group (SSG), consortium of investors and owners of sports franchises, inject up to 3,000 million dollars in the United States professional golf circuit through the PGA Tour featsa new trading company under the control of the PGA in which the players themselves will have shares in the company.

As the PGA Tour itself reported in a statement this Wednesday, SSG will focus through PGA Tour Enterprises on maximizing golf revenue generation, while The nearly two hundred golfers on the PGA Tour will have access to 1.5 billion dollars in shares of this brandto which the best ranked players in the world ranking will have access and will have a higher percentage of the same than those with the lowest ranking.

The PGA emphasized that this transaction enables the future “a co-investment by the Saudi Public Investment Fund in the future, subject to all necessary approvals” and that he follows the relevant study channels.

In the meantime and through this new company called PGA Tour Enterprises, “Players would collectively access more than $1.5 billion in equity”which will be acquired based on “Professional Career Achievements, Recent Achievements, Future Participation and Service, and PGA Tour Membership Status”.

The general manager of this new company and commissioner of the PGA Tour, Jay Monahanhighlighted that this news “This is an important moment for the PGA Tour and for golf fans around the world”From “By making PGA Tour members owners of their league, players strengthen their collective investment in the success of the PGA.”.