Who Are PGA Tour’s Top 5 Investment Prospects? All You Need to Know About Jay Monahan’s Latest Move

The golf world has been tethered between the PGA Tour and LIV Golf’s rivalry since the latter’s inception. The news of the golf giants’ merger was followed by a delay that dashed fans’ hopes globally.

Amidst the confusion and uncertainty, the PGA Tour won’t rely solely on the Public Investment Fund of Saudi Arabia, LIV Golf’s main backer. The PGA Tour has found willing financial backers among various finance groups. Let’s dive in!

Top 5 investment prospects of the PGA Tour

Interestingly enough, the PGA Tour’s search for investors has not gone in vain. Since the start of their search, they have received many interested contenders from the finance world. Some of these investors even have a deeply vested interest in golf. Of the many interested parties, the Jay Monahan-led PGA Tour has shortlisted five investment prospects to invest in and become the Tour’s leading private equity partner. These include the Fenway Sports Group, the Acorn Growth Company, Liberty Strategic Capital, Eldridge Industries, and the Friends of Golf Group.

1. Fenway Sports Group

The Fenway Sports Group’s interest in the golf world is apparent from their latest business decisions. They have also expressed interest in bidding to invest in the PGA Tour. After declining rival Endeavour’s attempts to invest, the PGA Tour has placed the FSG as one of their shortlisted five.

The Fenway Sports Group is also the parent group of other major sports world entities. These include the American professional baseball team Boston Red Sox, the professional ice hockey team Pittsburgh Penguins, the famous football club Liverpool FC, and the Boston team in Tiger Woods and Rory McIlroy’s TGL golf league.

Famous Golf World media personality Alan Shipnuck recently wrote, “From talking to folks on Wall St. and in Silicon Valley who are close to the deal, the framework agreement is falling apart. Fenway Sports Group has put in a monster bid to usurp the PIF. It looks increasingly likely we go back to LIV vs. the Tour.”

This is after the highly lucrative bid put in by the Fenway Sports Group. We’re unsure if the PGA Tour will choose Fenway Sports Group. But one thing is likely: a return to intense golf world rivalry.

 2.  Acorn Growth Company

Acorn Growth Company, an Oklahoma-based private equity firm, is also in the running to become the Tour’s main partner. The company has a history of doing business in the intelligence, defense, and aerospace industries.

Golf will be a new field of exploration for the firm. It has previously shown its positive interest in the upkeep of its investments centered on the USA’s favor. Its nationalistic spirit makes it a strong contender.

The controversy around PIF’s intentions of taking over the USA-based PGA Tour has made rounds in the golf world. The shift of focus to firms like the Acorn Growth Company will be a step toward keeping the Tour’s main partner based in the US.

3. Liberty Strategic Capital

Adding to the list of potential investors is Washington, D.C.-based Liberty Strategic Capital. This firm’s leader is Steven Mnuchin, the Secretary of the Treasury during Donald Trump’s presidency.

Read More: As PGA Tour Turns Its Back on LIV, Who Are Jay Monahan’s Reported Allies Pledging Billions to Foil Yasir Al-Rumayyan’s Master Plan?

They are one of the five shortlisted potential candidates for the position of the Tour’s principal partner. Only time will tell if the former US Secretary of the Treasury-led firm will make the PGA Tour’s cut.

4. Eldridge Industries

Todd Boehly heads the famous Eldridge Industries. Boehly is the owner of the Los Angeles Dodgers; he also owns the Chelsea Football Club, as he is one of the people on the consortium that bought the soccer club.

This finance world giant also has its eyes on the highly desired PGA Tour’s potential main partner. Their motto is to grow businesses to stand the test of time. Only time will tell if they will actualize this potential with the golf world giant, PGA Tour, or not.

5. The Friends of Golf Group

The love for golf in this group truly knows no bounds. They are a collection of financial heavyweights who have an innate liking for the holistic sport of golf. They also include famous names from Wall Street.

They have expressed their desire to own a major stake in the PGA Tour by becoming its main partner. Only time will tell which of these giants will win the bid.

Till then, the PIF-backed deal between the PGA Tour, LIV Golf, and the DP World Tour seems to be in an unpredictable delay. What do you think will be the future of the PGA Tour? Share your views in the comments section below.

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