Remove sport golf
article thumbnail

After LIV Golf, What Will Be the Next Saudi Sports Bet?

NYT M&A

The kingdom’s enormous sovereign wealth fund, which backed the golf series, has an appetite for sports. Its deal with the PGA Tour may pave the way for more investments.

article thumbnail

PGA Tour and LIV Golf Agree to Deal to End Fight Over Sport

NYT M&A

In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Other Sports Faced Congress’s Glare. Now Golf Will Get Its Turn.

NYT M&A

A Senate hearing on Tuesday is just one part of Washington’s scrutiny of the PGA Tour’s deal with Saudi Arabia’s sovereign wealth fund.

article thumbnail

Anybody Say Monopoly? What The PGA's New Deal With LIV Means For Antitrust Regulation In Golf

Benzinga

A new joint commercial venture between the world's three largest golf tournaments is raising questions for antitrust regulators across the U.S. Yet the agreement can also be read as a loss of valuable competition and part of a growing trend towards monopoly in the pro sports industry. and Europe. The merger, by which U.S.-based

article thumbnail

A Stunning Merger Angers Athletes

NYT M&A

A professional golf merger is a victory for Saudi Arabia and another sign that money can overwhelm almost any other force in sports.

article thumbnail

Saudi Arabia’s Middle America Makeover

Global Finance

Global Finance Magazine - Profit overrides principle with the recent PGA-LIV Golf& deal; expect more M&A in sports and other sectors.

Finance 88
article thumbnail

PGA Tour Gains US Partners As PIF Negotiations Drag On

Law 360 M&A

pro sports franchises in a deal worth up to $3 billion, an agreement reached while negotiations continue to complete its proposed merger with the Saudi-based investment fund that owns rival LIV Golf. The PGA Tour has partnered with a group of investors that includes several owners of U.S.

52