A US sports consortium is set to pump billions into the PGA Tour, according to a new report.
The PGA Tour didn't immediately respond to a request for comment from Business Insider before publication.
The major investment comes amid an ongoing rivalry between the PGA Tour and LIV Golf.
Families of the 9/11 terrorist attacks criticized the PGA Tour for the merger, classifying the decision as a demonstration of "hypocrisy and greed."
"We cannot compete with a foreign government with unlimited money," Jay Monahan, the commissioner of PGA Tour, told The Wall Street Journal regarding the merger.
Persons:
Steve Cohen, Cohen, Marc Lasry, LIV Golf, LIV, Phil Mickelson, Jay Monahan
Organizations:
PGA, Strategic Sports Group, Saudi Public Investment Fund, Bloomberg, Business, New York Mets, Cohen Private Ventures, Milwaukee Bucks, Fenway Sports, PGA Tour Enterprises, LIV Golf, Saudi Arabia's Public Investment Fund, PGA Tour, Wall