Despite Their $53.4Billion Slap to LIV Golf, PGA Tour Possibly In Trouble As Major PIF Reports Emerge

The world of professional golf is witnessing a fierce battle between two rival enterprises. The PGA Tour and LIV Golf have been up against each other since the latter’s inception, and the fierce fire between the two is not dying down. There was a moment of probable peace between the two almost 6 months ago during the merger announcement, but as per the new reports, the PGA Tour could end up being in trouble if things go sideways by any means!

Well, the update is not regarding the PIF-PGA Tour merger but about the recent announcement that the PGAT made concerning its potential investors.

The PGA Tour’s billion-dollar defense could end up being of no use

In recent developments, the PGA Tour announced a list of 12 wealthy investors who have pledged their support to the tour in its ongoing rivalry with the Norman-led league. The total net worth of these investors, according to public sources, is $53.4 billion. This is the tour’s last attempt to fend off the threat of LIV Golf, which has been luring some of the top players, such as Jon Rahm, with humongous offers and no-cut events.

However, this move may not be enough to deter the Public Investment Fund (PIF), the entity behind LIV Golf, which has a net worth of a staggering $800 billion. The intricacies of the battlе bеcomе are even more apparent when considering the return on investment required for PIF to surpass the collective net worth of the PGA Tour’s backers.

Saudi Arabia’s Public Investment Fund, as per reports, needs to achieve just a 6.7% return within a year to outpace the combined worth of the PGAT’s supporters. This puts the PGA Tour in a difficult position, emphasizing the importance of strategic decisions and deliberate negotiations in the coming months. This means the PGA Tour must treat PIF carefully, as the potential consequences of a full-blown war could be dire for the Tour’s backers.

The scenario painted includes PIF lеvеraging its internal resources to acquire a television channel or network, creating a broadcasting business for its diverse sports industries. In such a scenario, despite the latest 54 billion-dollar fightback, the Tour’s investors risk losing everything they’ve put into the PGA Tour.

Who are the PGA Tour’s potential investors?

The PGA Tour’s investors include some prominent names in the sports and entertainment industry, such as Arthur Blank, John Henry, Marc Attanasio, Gerry Cardinale, Fenway Sports Group, Michael Gordon, and HighPost. The Tour believes these investors will help in the growth of its commercial operations and overall business.

Also Read: “A Month or Two Ago”: Greg Norman Finally Reveals the Million-Dollar Winning Pitch Behind The Jon Rahm-LIV Golf Partnership

The list of lucrative potential investors sure doesn’t end here. There are many more names on the list such as Cohen PV worth $19.8 Billion,  Grousbeck worth $400 Million, Marc Lasry worth $2.1 Billion, Tom Ricketts with a net worth of $2.1 Billion and Tom Werner worth $1.7 Billion.

What are your thoughts about the probable dire consequences that the PGA Tour could face? Let us know below in the comments!

Watch this Story: Phil Mickelson to Face a Huge Roadblock Amid LIV Golf  Takes a Huge Leap Towards a Brighter Future