01-31-2024, 06:57 AM
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#4
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Fearmongerer
Join Date: Oct 2001
Location: Wondering when # became hashtag and not a number sign.
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Quote:
The PGA Tour has finalized an agreement with Strategic Sports Group, a consortium of billionaire sports team owners, to infuse at least $3 billion into a new for-profit entity, PGA Tour Enterprises, sources told ESPN on Wednesday.
PGA Tour commissioner Jay Monahan is expected to inform PGA Tour, PGA Tour Champions and Korn Ferry Tour members of the deal in a conference call Wednesday morning.
The PGA Tour, DP World Tour and the PIF signed a framework agreement June 6 to combine their commercial assets, including the LIV Golf League. The agreement had a Dec. 31 deadline, which was extended as the sides continued to hammer out final details. Monahan and PIF governor Yasir Al-Rumayyan reportedly met in Saudi Arabia last week.
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https://www.espn.com/golf/story/_/id...talks-continue
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