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Saudis may pour $2B into new PGA-LIV tour but PGA will maintain control: source

Por: New York Post Business June 07, 2023

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Drive for show. Merge for dough! The Saudi-backed fund behind LIV Golf will be taking a roughly 20% stake in the union with the PGA Tour and Europe’s DP World Tour — and based upon current valuations could fork over about $2 billion, according to a source with knowledge of . The Saudi’s Public Investment Fund will be a minority investor in the new non-profit entity, and the PGA Tour will maintain control of the new board, multiple... + full article



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