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THE TRUTH ABOUT: 3 | History Defined

LIV Golf Chairman Yasir Al-Rumayyan updates players on potential future investment in PGA Tour Enterprises

The letter comes a day after the PGA Tour secured a $3 billion investment from the Strategic Sports Group.

USA Today Sports Media Group

PGA Tour Secures Billion Investment, Players Become Owners

The PGA Tour announces a billion investment from Strategic Sports Group, allowing players to become equity owners in the new PGA Tour Enterprises.

Top News

Does The PGA Tour Still ‘Need’ PIF Money? Jordan Spieth Discusses New $3bn SSG Deal

Jordan Spieth says the Strategic Sports Group investment means the PGA Tour is not dependent on the Saudi PIF - who must now meet the players' demands to do a deal

Golf Monthly

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Lynch: The PGA Tour’s new billions will further enrich players, so when will fans see a return?

This deal likely portends a radical (and long overdue) reassessment of the Tour’s product and operations.

USA Today Sports Media Group

‘Any investment into the game of golf is gigantic’: LIV Golf players react to $3 billion outside investment in PGA Tour

"What I can say is that any investment into the game of golf is gigantic, especially on their side," said DeChambeau.

USA Today Sports Media Group

Keith Pelley Responds To PGA Tour’s New $3bn Deal

The DP World Tour CEO has written to members following the announcement that the Strategic Sports Group is investing $3bn in the PGA Tour

Golf Monthly

PGA Tour unveils $3bn partnership deal to reward players who resist LIV

The PGA’s funding comes via a consortium led by the owners of Liverpool FC and will benefit marquee names such as Rory McIlroy and Tiger Woods

The Guardian - UK

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PGA Tour strikes a $3 billion deal with a sports owners investment group

The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises.

WEKU

PGA Tour pros, fans and media react to PGA Tour and Strategic Sports Group $3 billion deal

The landscape of golf is changing.

USA Today Sports Media Group

PGA Tour Confirms $3 Billion Investment - But The Saudi PIF Isn’t Involved (Yet)

The historic deal is set to give PGA Tour players the chance to collectively access $1.5 billion in equity shares, while investment from the Saudi PIF may still arrive in the future as the men's pro game aims for some kind of unity

Golf Monthly

Strategic Sports Group, PGA Tour finalize $3 billion investment deal to create PGA Tour Enterprises

SSG will initially invest $1.5 billion into the new for-profit entity.

USA Today Sports Media Group

Report: Outside group may begin massive PGA Tour investment as early as next week

The Strategic Sports Group (SSG) may begin its PGA Tour investment sooner rather than later.

USA Today Sports Media Group

Karnataka High Court directs FRRO to deport ‘suspicious’ Bangladeshi woman without insisting on payment of fee

The High Court of Karnataka has directed the Foreigners Regional Registration Office (FRRO) to allow a 46-year-old Bangladeshi woman to leave the country without insisting on any fee when not only her actions in India were suspicious, but she also had links with the officers of the Special Services Group…

The Hindu

Meet the Strategic Sports Group investors, PGA Tour and Saudi PIF executives vying for a place in pro golf’s future

Both tours, the SSG and PIF have an unprecedented opportunity to reshape professional golf as we know it.

USA Today Sports Media Group

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Golf Monthly

‘The Model Is Broken At The Purse Sizes We’ve Been Going The Last Year’ - Major Winner Hoping More Sponsors Don’t Quit PGA Tour

In an exclusive interview with Golfweek, Webb Simpson claims increased purse sizes are leading to sponsors pulling out

USA Today Sports Media Group

PGA Tour board member Webb Simpson on greed in golf, why legacy still matters and why he’s concerned more sponsors may bail

Webb Simpson, as always, offered his perspective on the world of golf.

Top News

Golf's Uncertain Landscape: Rahm, LIV Golf, and the Future

The PGA Tour begins a new year at Kapalua, with the beautiful views contrasting the fractured landscape of golf. Jon Rahm's defection to Saudi-funded LIV G...

Golf Monthly

Report: PGA Tour Outline New Date To Complete Merger Negotiations As Original Deadline Pushed

The PGA Tour said that "meaningful progress" has been made with the PIF, SSG, and DP World Tour but the deadline for negotiations to be completed has been pushed back

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The Independent UK

Deadline for PGA Tour’s crucial talks with Saudi Public Investment Fund pushed back

Discussions about the future of golf have been complicated by the emergence of interest from private equity groups

USA Today Sports Media Group

PGA Tour updates players on investors as negotiations with Saudi Arabia’s Public Investment Fund extend into 2024

The framework agreement discussions will extend into 2024 after the Dec. 31 deadline was missed.

USA Today Sports Media Group

PGA Tour policy board ‘advances discussions’ with investors, still talking to Saudi Arabia’s PIF

A PGA Tour Policy Board memo anticipates a "positive outcome for all players and the PGA Tour as a whole."

The Hindu

A.P. Assembly proceedings: Bill seeking to provide Special Security Group to Chief Minister passed

AP Govt. passes Bills to create SSG, convert APVVP into Directorate of Secondary Health, use Aadhaar for targeted delivery of subsidies. SSG to provide proximate security to CM and family; APVVP to be converted to ensure autonomy; Aadhaar to identify beneficiaries for various schemes.

Asharq Al-Awsat

HTS-Backed Gov’t Issues IDs for Civilians Under its Rule

The Syrian Salvation Government (SSG), the civilian arm of Hayat Tahrir al-Sham (HTS) which controls Idlib and parts of the governorates of Hama, Aleppo and Latakia in northwestern Syria, has begun accepting applications for photo identity cards from citizens living under its rule. Issuing the personal IDs is viewed as…

Benzinga

Lenovo Clocks Slowest Revenue Growth In 7 Quarters As Pandemic Demand Cools Down

Lenovo Group Ltd (OTC:LNVGY) reported fourth-quarter FY21/22 revenue growth of ~7% year-on-year to $16.69 billion, below the consensus of $17.36 billion. SSG revenue grew 28% and improved its operating margin by more than 1 point Y/Y. ISG sustained its profitability. IDG improved its operating margin Y/Y. It marked Lenovo's slowest growth in seven…

The Hindu

No jammer, ambulance facilities for former J&K CMs in Srinagar

The Union Territory administration further scales down their security cover

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