Not much is known regarding the progress of the negotiations between the PGA Tour and Saudi Arabia’s Public Investment Fund — but apparently, other investors also want a piece of the future of professional golf.
The PGA Tour confirmed that those negotiations have “resulted in unsolicited interest from other investors.” No other context was given, but Bloomberg reported the interest has come from high-profile U.S. investors in a move to potentially quell concerns from politicians.
Earlier this month, the U.S. Senate Permanent Subcommittee on Investigations held its second hearing exploring the potential impact of Saudi Arabia’s investment in the PGA Tour. In July, PGA Tour COO Ron Price and policy board member Jimmy Dunne testified in front of that same subcommittee.
Under the framework agreement previously announced, the PIF could invest at least $1 billion…
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