An update on Fenway Sports Group’s “monster bid” to support the Professional Golfers’ Association of America (PGA) has been given by Tom Werner, chairman of Liverpool.
In opposition to the Public Investment Fund (PIF) of Saudi Arabia, which also owns Newcastle United, the American owners have chosen to back the PGA in their attempt to establish a breakaway golf competition.
Additionally, in June 2023, FSG purchased a franchise in the TGL, a virtual golf league founded by Rory McIlroy and Tiger Woods and supported by the PGA.
With everything going on, it has become necessary for FSG to give an update on their investment plans, and Tom Werner, the chairman of Liverpool, has agreed to do so.
According to the Boston Globe, Werner stated, “There are a number of people who have raised their hands to say that they would be interested in helping the new PGA.”
“It really is up to the players and the board to decide the direction they want to go in,” the 73-year-old said.
Although we have stated that we believe we can assist them, ultimately, they must choose their own course of action.
“We have always believed that golf is a sport that is growing, and we believe that we are competent in hospitality, ticketing, building excitement for the location you visit, sponsorship, and fan relations.
There’s a story that suggests we’re losing focus.
It goes without saying that the companies we work for are our main priority.
“This will not deflect our attention; if it occurs, it will occur.”
