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...The commercial entity and its billionaire backers are distinct from PGA Tour Inc, the tax exempt organisation that administers golf events....
...The US group, for so long the dominant force in golf, has lost some of the biggest draws in the sport, from Phil Mickelson to Cameron Smith....
...In the end, the Fenway-led group, dubbed Strategic Sports Group, stepped to the front of the line....
...Fenway Sports Group has been looking for a new investor for Liverpool FC since last November, and even explored selling the English Premier League club outright at one point....
...Reddit co-founder Alexis Ohanian and his wife, tennis superstar Serena Williams, bought the first — Los Angeles Golf Club — earlier this month....
...Transfer Market Two big changes in the upper echelons of golf....
...The PGA Tour has also held talks with several potential US investors, including Fenway Sports Group, owner of Liverpool FC and the Boston Red Sox; Liberty Media, which controls Formula One racing, and a...
...Meanwhile, professional golf has been roiled by the proposed merger of the US-based PGA Tour and the Saudi Arabia-backed LIV Golf breakaway tour....
...Fenway Sports Group has signed up to enter a Boston-based team in TGL, the new virtual golf league backed by Tiger Woods and Rory McIlroy. The competition is due to launch in January....
...Interested potential investors include Endeavor, Fenway Sports Group and a consortium of private investors that includes the billionaire Henry Kravis....
...From cold war to hot peace, golf keeps delivering fresh drama....
...Fenway Sports Group, the owner of Boston Red Sox and Liverpool Football Club that is backed by RedBird, was recently approved as an investor by the US golf organisation PGA Tour....
...Last month, the first team franchises were awarded, with Los Angeles Golf Club going to social news website Reddit co-founder Alexis Ohanian, his wife Serena Williams, and her sister Venus....
...unite the game of golf....
...Eight clubs voted to block a proposed ban on interlinked clubs loaning each other players, meaning those in favour fell short of the two-thirds majority required to get their way....
...The PIF also sought benefits for its governor Yasir al-Rumayyan, including membership at two of the world’s most exclusive golf clubs, the US’s Augusta National and The Royal and Ancient Golf Club of St...
...The Saudi golf drive comes less than two years after the PIF took a majority stake in English Premier League football club Newcastle United....
...The US Justice Department is stepping up its scrutiny of sports, with antitrust enforcers looking far beyond the tactics used by the PGA Tour to defend its position against Saudi-backed rival LIV Golf....
...Negotiations with Yasir al-Rumayyan, head of Saudi Arabia’s Public Investment Fund, were driven by Jimmy Dunne, a Wall Street dealmaker and president of Palm Beach’s ultra-exclusive Seminole Golf Club, and...
...If you’re catching up, we have the full rundown of the revelations and corresponding Senate hearing here, and our own trove of golf reportage in this week’s FT Special Report on the business of golf....
...He’ll take charge of the New York based franchise, joining the likes of Fenway Sports Group and Arthur Blank’s AMB Sports and Entertainment....
...In the same way that UK Premier League football clubs target American fans — because of their penchant for merchandise, travel and digital engagement — F1 now has a huge cluster of young fans in the US who...
...Hence, sovereign wealth funds, which have access to long-term capital, are joining private equity firms in putting money into clubs and leagues....
...The Ladies Professional Golf Association has tapped Fenway Sports Group to help it boost commercial operations and global reach in the search for higher revenues....
...Two years ago, it acquired English football club Newcastle United....
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