An ‘Imminent’ Strategic Sports Group Move Set To Help PGA Tour’s $7B Dream Despite PIF Merger Limbo

One of the most intriguing chapters in the LIV Golf and PGA Tour saga is the $3 billion merger. As the deadline for the PIF-PGA Tour deal approaches, it appears that the PGA Tour has found a budding partnership with the Strategic Sports Group.

According to the latest reports about the PGA-PIF merger, a few US Sports team owners are showing interest in investing in the deal for the newly formed non-profit organization. Moreover, the deal between the PGA Tour and US Sports team owners is said to be ‘imminent’ and will be announced in the coming days.

New partners to invest over $3B in the PGA Tour

The PIF and PGA Tour announced on 6th June 2023, that a merger between the LIV Golf, DP World Tour, and the PGA Tour will be finalized on 31st December. However, since then the merger has been surrounded by much delay and the set deadline may supposedly get pushed to 2024.

Amidst the chaos surrounding the PIF-PGA Tour merger, the PGA Tour has supposedly found the newest investor from America’s various team owners. According to ESPN’s Mark Schlabach, a deal between US Sports team owners and the PGA Tour has come to an agreement. The American sports journalist made the said revelation during his appearance at Sirius XM PGA Tour.

The Strategic Sports Group includes Arthur Blank of the Atlanta Falcons, Wyc Grousbeck of Boston Celric, Tom Werner and John Henry of the Red Sox, and a few others.

The said deal is estimated to invest $3 or $3.5 billion into the PGA Tour. If the deal is reached with both the parties, the Strategic Sports Group and PIF, the PGA Tour will have a $7 billion influx into the Tour in the coming year as and when both deals are finalized.

The merger that had brought chaos in the golf world still has a long way to go. According to the sources cited by ESPN, the PIF, PGA Tour, and DP World Tour merger is facing delays and potentially might surpass the 31st December deadline.

What is the future of the PGA-PIF deal?

In 2022, the PGA Tour suspended more than 20 players for participating in LIV Golf’s invitational and inaugural event. As the breakaway league grew, it posed a threat of luring the PGA Tour pros away. Their efforts came to fruition with the signing of the World No. 3 John Rahm.

Read More: Top 5 LIV Golf Pros and Their Family Members Who Can Headline the PNC Championship in 2024

The Spaniard’s shift in allegiance brought significant changes in the golf world. Rahm’s move added more layers to the already complex nature of the merger. Though the two leagues are in talks for a merger, the Tour is still at risk of losing its key players to the breakaway league. The potential PIF-PGA-DPWT merger may change the future of golf, but the answer to the question remains shrouded in clouds of uncertainty.

Watch this Story: LIV Golf Takes Huge Leap Towards Success; With or Without Jon Rahm’s $600M Signing