Abstract: The move, which involves the Fenway Sports Group, raises questions about whether a deal to combine forces with Saudi Arabia’s sovereign fund is still necessary.
Lead Paragraph:
The PGA Tour announced on Wednesday that it had reached a deal to raise more than $1.5 billion from a group of U.S. investors, a move that raises new questions about whether a proposed alliance with a rival tour backed by Saudi Arabia’s sovereign wealth fund will come to fruition.
Source: The New York Times
Category: Business
Sub Category:
2024-01-31T15:34:03+0000
By Lauren Hirsch