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Golfers will be reunited, says key investor
The Straits Times
|November 27, 2024
Billionaire Steve Cohen, whose family office Cohen Private Ventures is part of the investor group that injected capital into PGA Tour Enterprises early in 2024, said he believes that the group can find a way to reunite with top golfers who have defected for LIV Golf, who are backed by Saudi Arabia's sovereign-wealth fund.
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"It's a lot of moving parts and I think we'll get there," he said on Nov 25 at a media event in New York, when asked to provide a status update regarding the PGA Tour.
Saudi Arabia's Public Investment Fund (PIF) started LIV Golf as a rival to the PGA Tour, luring a number of big-name players over and sparking a feud before the sides agreed to work on a deal, which has not come to fruition.
PIF has continued to discuss a potential transaction for a minority stake in PGA Tour Enterprises, Bloomberg News has reported.
Dit verhaal komt uit de November 27, 2024-editie van The Straits Times.
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