Steve Cohen, Owner of New York Mets, and Other Prominent Sports Figures Eye Billions in Investment for PGA Tour, Eyeing Valuation Close to $12 Billion
This move represents a major financial infusion into the PGA Tour, with the possibility of significantly altering the professional golf world, offering new prospects for both the sport and its athletes.
Key Figures Projected valuation of the new for-profit PGA Tour Enterprises: approximately $12 billion Investment amount from Steve Cohen and fellow sports owners: around $3 billion
Current Developments Agreement on a pivotal merger plan between PGA Tour and the Saudi-backed LIV Golf Heavy investments by LIV Golf to recruit leading PGA Tour players Ongoing legal battles between PGA Tour and LIV Golf, leading to a recent settlement
This investment is expected to lead to significant changes in the PGA Tour’s framework and functioning, potentially influencing the professional golf scene and the dynamics among players. This major financial input from figures like Steve Cohen marks a critical point for the PGA Tour, potentially reshaping the business and competitive nature of the sport.
