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☆ LeBron James' SpringHill to merge with 'The Kardashians' producer Fulwell 73
▼ + stars: | 2024-11-18 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +2 min

LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles. Los Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger of equals with Fulwell 73, the British television, film and music production company behind shows including "The Kardashians" and "Carpool Karaoke." Carter will be co-CEO of the combined company along with Leo Pearlman, Fulwell's managing partner. The deal will bring James' company increased scale to strike larger deals with media companies and streaming platforms, Carter said. The combined companies will be backed by investors including Fenway Sports Group, RedBird Capital Partners, UC Investments, Nike, Epic Games, Main Street Advisors and Eldridge Industries.

Persons: LeBron James, Maverick Carter, Ben Winston, Tom Werner, Carter, Leo Pearlman, Fulwell's, James, Adam Sandler, Winston, Eldridge Organizations: STARZ, Los Angeles . Los Angeles Lakers, SpringHill Co, SpringHill, CNBC, Netflix, NBA, Robot, Fenway Sports Group, RedBird Capital Partners, UC Investments, Nike, Epic, Street Advisors, Eldridge Industries Locations: Los Angeles, SpringHill, York

☆ The Hater’s Guide to the 2024 World Series
▼ + stars: | 2024-10-23 | by ( Grant Brisbee | ) www.nytimes.com time to read: +10 min

AdvertisementPlease note that this isn’t the same as the worst World Series matchup possible. In the actual 2024 World Series, there will be several future Hall of Famers playing, most of them in their absolute prime, doing unreal things to and with baseballs. It’s a very good World Series if you like to watch excellent players and displays of baseball ability. Been there, done thatThis World Series is a Simpsons episode from Season 43 where Homer gets a new job. But even though it has the potential to be the best World Series, it’s guaranteed to be the most annoying World Series possible.

Persons: it’s, I’m, Homer, It’s, Bobby DeNiro, Luke Hales, Fox, haven’t, They’re, they’ll, Craig Calcaterra smartly, Yogi Berra’s, Berra, Mick, Billy Martin didn’t, ”, that’s, There’s, Aaron Judge, Giancarlo Stanton, Gerrit Cole, Mookie Betts, Barry Bonds, Greg Maddux, Bryce Harper, Juan Soto, Michael King, Shohei Ohtani, Sean Reilly, Orlando Ramirez, Mary DeCicco, Katelyn Mulcahy, Carmen Mandato Organizations: New York Yankees, Los Angeles Dodgers, Chicago White Sox, Colorado Rockies, of Famers, Yankees, Dodgers, Alabama, Auburn, Fox, Cleveland Guardians, Milwaukee Brewers, Brewers, 49ers, Fenway Sports Group Holdings, Liverpool, RFK Racing, Pittsburgh Pirates, Chicago Cubs, Washington Nationals, of Fame, San Diego Padres, Padres, Dodger, Athletic, Images, Getty Locations: It’s, Los Angeles

☆ TGL: Tiger Woods and Rory McIlroy’s high-tech indoor golf league to tee off in January
▼ + stars: | 2024-10-22 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —TGL, the high-tech indoor golf league spearheaded by Tiger Woods and Rory McIlroy, is set to tee off at last on January 7, 2025, after a schedule was released Monday. The January 7 curtain-raiser sees New York Golf Club, headlined by two-time major champion Xander Schauffele, take on The Bay Golf Club. 3 McIlroy will first be in action on matchday four when his Boston Common Golf side competes against Woods’ team. Norway’s Viktor Hovland and American LIV Golf star Bryson DeChambeau are the other two members of the top-10 not present in the league. Spain’s Jon Rahm had been slated to compete but withdrew last November, and the following month joined LIV Golf – none of whom’s players feature in TGL.

Persons: CNN — TGL, Tiger Woods, Rory McIlroy, –, Woods, McIlroy –, McIlroy, Mike Ehrmann, Serena, Venus Williams, Giannis Antetokounmpo, Steph Curry, Xander Schauffele, Rickie Fowler, Cameron Young, Matt Fitzpatrick, Sweden’s Ludvig Åberg, Min Woo Lee, Ireland’s Shane Lowry, Wyndham Clark, Justin Thomas, Patrick Cantlay, Billy Horschel, Lucas Glover, “, ” Woods, Paul Ellis, TMRW, Scottie Scheffler, Norway’s Viktor Hovland, LIV, Bryson DeChambeau, Spain’s Jon Rahm, Hideki Matsuyama, Keegan Bradley, Adam Scott, Max Homa, Tom Kim, Kevin Kisner, Los Angeles Golf Club Collin Morikawa, Sahith Theegala, Justin Rose, Tommy Fleetwood, Ludvig Åberg, Shane Lowry Organizations: CNN, PGA, ESPN, TMRW Sports –, Getty, NBA, Liverpool, Fenway Sports Group, Golf Club, Golf, Schauffele, Atlanta, Boston, Tiger, Los Angeles Golf Club, New York Golf, New York GC, Los Angeles GC, Jupiter, Los Angeles, GC, New York, Boston Common Locations: Florida, Palm Beach, New, Scotland, AFP, TGL, USA, Northern Ireland, Japan, Australia, South Korea, England, Sweden, Ireland

The talks between the tour and the Saudi Public Investment Fund, which backs LIV Golf, are "extremely active," the person said. A PGA Tour representative declined to comment. The deal will reportedly be structured similar to their deal with the Strategic Sports Group, a consortium of investors. "By making PGA TOUR members owners of their league, we strengthen the collective investment of our players in the success of the PGA TOUR," Monahan said at the time. After clear lines were drawn, players expressed frustration about the proposed deal, leading the tour to increase financial incentives for golfers.

Persons: LIV, Rory McIlroy, Tiger Woods, John Henry —, McIlroy, PIF, Jay Monahan, Yasir Al, Rumayyan, hasn't, " Monahan, Jimmy Dunne, Dunne, Phil Mickelson, —, Monahan Organizations: THE, Sawgrass, CNBC, Saudi Public Investment Fund, Fenway Sports, Saudi, Strategic Sports Group, The New York Times, Tour Enterprises, PGA, Fenway Sports Group Locations: Ponte Vedra Beach , Florida, Saudi, New York

☆ Pittsburgh Pirates, Penguins launch streaming service for local games
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

SportsNet Pittsburgh on Monday unveiled SNP 360, which will cost fans in its local market $17.99 a month to watch Pirates and Penguins games outside of the pay-TV bundle. It also follows a shakeup at SportsNet Pittsburgh last year. The network is now owned by the Pirates and Penguins. Fenway Sports Group and Delaware North, also the parent company of the Boston Bruins, own the regional sports network NESN, which manages SportsNet Pittsburgh. "Our desire has been to reach fans wherever they are and give them options to access our clubs' telecasts," said NESN and SportsNet Pittsburgh CEO Sean McGrail.

Persons: —, Sean McGrail Organizations: MLB, NHL, Pittsburgh, Monday, Pirates, Penguins, SportsNet Pittsburgh, Warner Bros, Discovery, Warner Media, Fenway Sports Group, Boston Red Sox, Delaware, Boston Bruins, SportsNet Locations: SportsNet Pittsburgh

☆ Google DeepMind wants to make AI a part of soccer
▼ + stars: | 2024-04-13 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Google DeepMind launched a prototype AI soccer tactics tool last month. DeepMind developed the tool with Liverpool FC, known for its data-driven approach to soccer. AdvertisementGoogle DeepMind is bidding to bring artificial intelligence (AI) into soccer by launching a new tool to help coaches make better tactical decisions. DeepMind researchers published their findings in the scientific journal Nature Communications. Google DeepMindHaving that knowledge on hand helped the collaboration between DeepMind and Liverpool to run smoothly, according to Veličković.

Persons: Google DeepMind, DeepMind, —, Zhe Wang, Didier Drogba, Divock, Chelsea's Didier Drogba, Ian MacNicol, Petar Veličković, Billy Beane, Ian Graham, they've, Liverpool —, Monterrey's Sergio Canales, Yuri Cortez, We're, Wang, it'll Organizations: Google, Liverpool FC, Service, English Premier League soccer, Nature Communications, Soccer, Former Ivory Coast, Chelsea, Liverpool, FC Barcelona, UEFA, Boston Red Sox, Fenway Sports Group, Liverpool FC's, Ph.D.s, Harvard, Inter Miami, Getty Locations: London, Cambridge, Anfield, DeepMind, Liverpool, AFP

Two names are likely to draw attention: LeBron James, the superstar basketball player, and Drake, the rapper. James and Drake are committing additional capital as “strategic investors,” and are expected to use their marketing power to help the tour broaden its audience. James and the PGA Tour commissioner, Jay Monahan, were at the home of Tom Werner, F.S.G.’s chairman, recently discussing just that, DealBook hears. Fans may see the stars around the greens, perhaps in the same way Drake is a frequent courtside presence at Toronto Raptors games. I remember some of my best childhood memories was being on the golf course with my uncle,” Drake said in a statement to DealBook.

Persons: LIV Golf, wasn’t, LeBron James, Drake, Steve Cohen, Arthur Blank, Marc Lasry, James, Jay Monahan, Tom Werner, F.S.G, ’, DealBook, ” Drake, “, ” Organizations: Fenway Sports Group, PGA, PGA Tour, Toronto Raptors Locations: Saudi

☆ Phoenix Suns owner Mat Ishbia forms new investment group called Player 15
▼ + stars: | 2024-02-14 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Mat Ishbia, majority owner of the NBA's Phoenix Suns, talks to the media during his introductory press conference at the Footprint Center in Phoenix, Arizona, on Feb. 8, 2023. Phoenix Suns owner Mat Ishbia is forming a new sports, entertainment and real estate investment group as a single unifying place for his investments. The new investment or holding company will be called the Player 15 Group, the company announced Wednesday. It will house the National Basketball Association's Phoenix Suns, the Women's National Basketball Association's Phoenix Mercury and the newly acquired G-League team for the Suns. The group follows similar one-stop shop investment groups such as Fenway Sports Group, Harris Blitzer Group and The Kraft Group.

Persons: Mat Ishbia, Ishbia, Harris Organizations: Phoenix Suns, Footprint, Basketball, Phoenix Mercury, League, Suns, NBA, CNBC, Footprint Center, Phoenix, Mercury, Fenway Sports Group, Harris Blitzer Group, The Kraft Group, United Wholesale Mortgage, Forbes, Michigan State University Locations: Phoenix , Arizona, Phoenix

BOSTON (AP) — Theo Epstein, who as Red Sox general manager was the architect of two World Series championships, is returning to the organization as a minority owner and part-time senior adviser to its parent company, Fenway Sports Group. Epstein, who also helped the Chicago Cubs win the 2016 title — their first in 108 years — will advise the sports and entertainment conglomerate on operations and investment strategy. “The special connection I feel toward this organization and the ownership group has stayed with me through the years.”Fenway Sports Group owns the Red Sox, the Pittsburgh Penguins, Liverpool of the English Premier League and NASCAR's RFK Racing. After joining the Red Sox in 2002 at the age of 28 — the youngest general manager in baseball history — Epstein helped build the ballclub that won it all in 2004, the first Red Sox championship in 86 years. “There is no question that Theo left an indelible mark on our history that represented a transformative era,” Fenway Sports Group principal owner John Henry said.

Persons: — Theo Epstein, Epstein, —, ” Epstein, — Epstein, Theo, John Henry said, “, ” Organizations: BOSTON, Red Sox, Fenway Sports Group, Chicago Cubs, Pittsburgh Penguins, English Premier League, RFK Racing, Major League Baseball, Arctos Partners, Cubs Locations: Liverpool, FSG

☆ PGA Tour Raises $1.5 Billion From Group of U.S. Investors
▼ + stars: | 2024-01-31 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

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, led by the Fenway Sports Group, the parent company of the Boston Red Sox and Liverpool Football Club. The deal would give the PGA Tour a significant amount of cash at a time when it is facing steep competition from its well-financed rival, LIV Golf, which is backed by Saudi Arabia’s sovereign wealth fund. The influx of money raises questions about whether a deal the PGA struck six months ago to align itself with the Saudi wealth fund remains necessary. The PGA and the Saudi fund initially set a Dec. 31 deadline to work out details and finalize their deal. The tour’s commissioner, Jay Monahan, said Wednesday on a call with PGA players before the official announcement that the tour “does remain in active and frequent dialogue” with representatives for the Saudi wealth fund.

Persons: LIV Golf, Jay Monahan Organizations: PGA, Fenway Sports Group, Boston Red Sox, Liverpool Football Club, Tour, Saudi Locations: U.S, Saudi, Saudi Arabia

PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. PGA Tour Commissioner Jay Monahan was holding a conference call with players about the deal that was finalized Tuesday night. Political Cartoons View All 253 Images“By making PGA Tour members owners of their league, we strengthen the collective investment of our players in the success of the PGA Tour,” Monahan, who will be CEO of PGA Tour Enterprises, said in the formal announcement. While specific details of the equity ownership program were not announced, the initial grants would be based on career accomplishments, recent achievements and PGA Tour status. The European tour was part of the framework agreement on June 6, and it has a strategic alliance with the PGA Tour.

Persons: LIV Golf, Jay Monahan, ” Monahan, Marc Attanasio, Arthur Blank, Steven Cohen, Wyc Grousbeck, Tom Werner, John Henry, Marc Lasry, Alec Scheiner, ”, Henry, Woods, Patrick Cantlay, Adam Scott, Jordan Spieth, Webb Simpson, Peter Malnati, Yasir Al, Sen, Richard Blumenthal, Conn, LIV, Dustin Johnson, Brooks Koepka, Phil Mickelson, Bryson DeChambeau, PIF, Jon Rahm, Tyrrell Hatton, ___ Organizations: Strategic Sports Group, Tour Enterprises, PGA Tour, SSG, Associated Press, Washington Post, Public Investment Fund, PGA, SSG —, Tour, Fenway Sports Group, Milwaukee Brewers, Atlanta Falcons, New York Mets, Boston Celtics, Boston Red Sox, Milwaukee Bucks, Cleveland Browns, RedBird, Fenway Sports, PGA Tour Enterprises, Saudi, Monday, PIF Locations: Calif, Saudi, Saudi Arabia, PIF, Mexico

☆ PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance
▼ + stars: | 2024-01-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced on Wednesday. Under the terms of the deal, the investor, Strategic Sports Group, will become a minority owner in PGA Tour enterprises, the for-profit entity of the PGA Tour. "Today marks an important moment for the PGA Tour and fans of golf across the world," PGA Tour Commissioner Jay Monahan said. "By making PGA Tour members owners of their league, we strengthen the collectives investment of our players in the success of the PGA Tour," Monahan said.

Persons: LIV, PIF, Jay Monahan, " Monahan, Fenway Sports Group's John Henry, Arthur Blank, Steve Cohen, Tom Ricketts, Wyc Grousbeck, John Henry, Monahan, Henry, Yasir Al, Rumayyan, Critics, Prince Muhammad bin Salman, LIV Golf, Phil Mickelson, Dustin Johnson, Brook Koepka, John Rahm Organizations: PGA Tour, Strategic Sports Group, Saudi, PGA, Fenway Sports, Atlanta Falcons, Arthur Blank , New York Mets, Chicago Cubs, Boston Celtics, Fenway Sports Group, Saudi Public Investment Fund, Saudi Public Investment, CNBC, Justice Department Locations: Cromwell , Connecticut, U.S, Arthur Blank ,, Saudi Arabia, Saudi

☆ Sports investing has taken off, but the biggest prize in the industry remains almost untouchable
▼ + stars: | 2024-01-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.

Persons: —, Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London

☆ Steve Cohen and other sports investors set to pump billions into the PGA Tour
▼ + stars: | 2024-01-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

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

☆ Jürgen Klopp announces shock Liverpool soccer club exit in blow for U.S. owners
▼ + stars: | 2024-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Jürgen Klopp will unexpectedly step down as Liverpool soccer team manager at the end of this season, the club said Friday. The charismatic German coach joined Liverpool in 2015 and led the storied club to a European Champions League title in 2019 and an English Premier League title in 2020. Klopp replaced Brendan Rodgers at the helm in October 2015, when Liverpool was languishing in 10th place in the Premier League. In the following year, Klopp led the club to a fourth-place finish in his first full season in charge. Liverpool is the most successful club in English soccer by number of awards, winning 68 trophies over its 132-year history.

Persons: Jurgen Klopp, Estadio Wanda Metropolitano, Jürgen Klopp, John Henry, Klopp, Brendan Rodgers Organizations: Liverpool, Champions, UEFA Champions, Tottenham Hotspur, Estadio Wanda, Liverpool soccer, European, League, English Premier League, Reds, FA, England's, FIFA Club, UEFA, Borussia Dortmund, Fenway Sports Group, League Baseball's Boston Red Sox, National Hockey League's Pittsburgh Penguins, NASCAR's RFK Racing, Premier League, Manchester City, City, Chelsea, Norwich City Locations: Madrid, Spain, German, Liverpool, American

☆ PGA Tour and LIV Golf are working to extend merger deadline into 2024
▼ + stars: | 2024-01-01 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

PGA Tour and LIV Golf are working to extend their proposed merger deadline, which was originally set at Dec. 31, Commissioner Jay Monahan told players in a memo on Sunday. The delay is the latest update in a long and tumultuous saga between the PGA Tour and Saudi Public Investment Fund-backed LIV Golf that has divided players and could dramatically change professional golf if the merger is completed. PGA Tour and LIV are expected to make a formal decision on the combination ahead of the Masters tournament in April, according to The Telegraph, which first reported the extension. Under the structure of the agreement, PGA Tour would hold a permanent controlling interest in the new entity's board of directors. The agreement also includes the DP World Tour, also known as the PGA European Tour.

Persons: LIV Golf, Jay Monahan, LIV, Monahan Organizations: THE, Sawgrass, CNBC, PGA Tour, Saudi Public Investment Fund, Strategic Sports Group, Saudi, Public Investment Fund, PGA Tour Enterprises, U.S, Fenway Sports Group, The, PGA European, U.S . Federal Trade Commission, Justice Department Locations: Ponte Vedra Beach , Florida

☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
▼ + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +8 min

Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.

Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental

☆ PGA Tour commissioner says he's talking to possible investors ahead of Saudi deal deadline
▼ + stars: | 2023-11-29 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

PGA Tour Commissioner Jay Monahan speaks during a press conference prior to the TOUR Championship at East Lake Golf Club on August 24, 2022 in Atlanta, Georgia. PGA Tour Commissioner Jay Monahan said Wednesday that the organization is talking to several potential investors as a deadline to clinch a deal with Saudi Arabia's Public Investment Fund rapidly approaches. LIV and the PGA Tour were engaged in an antitrust legal battle dating back to last year. The deal had the PGA Tour retaining control in the face of an existential threat, he added. The PIF and "likely another co-investor with significant experience in business and sports will help the PGA Tour take share from other sports and be even more competitive."

Persons: Jay Monahan, " Monahan, Yasir bin Othman Al, Saudi Crown Prince Mohammed bin Salman, Monahan, LIV Golf, LIV, Phil Mickelson, Tiger Woods, Rory McIlroy, Saud Arabia's Organizations: East Lake Golf Club, PGA, Saudi Arabia's Public Investment Fund, The New York Times, Saudi Crown, PGA Tour, Public Investment Fund, Boston Red Sox, Fenway Sports Group, Endeavor Group Holdings, Endeavor Locations: Atlanta , Georgia, Saudi

Tiger Woods sounded more optimistic about playing golf next year than he did about the PGA Tour finalizing a deal with Saudi Arabia or private investors by the end of the year. Woods said only there were options, a lot of moving parts and that all sides were working aggressively toward finalizing a deal. “All the parties are talking and we’re aggressively working on trying to get a deal done,” he said. The other direction is working toward a finalized deal by the end of the year, or soon thereafter. Woods also is seen as a top candidate to be the next U.S. Ryder Cup captain for Bethpage Black in 2025.

Persons: Woods, LIV Golf, Jay Monahan, “, ”, Monahan, we’re, PIF, Henry Kravis, George Roberts, ” Woods, LIV, he's, ___ Organizations: PGA, Public Investment Fund, Fenway Sports Group, Riviera, Ryder, Bethpage Black Locations: Saudi Arabia, Bahamas, “

☆ Tiger Woods: Inflatable dome collapse delays indoor golf venture by a year
▼ + stars: | 2023-11-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Tiger Woods and Rory McIlroy’s high-tech indoor golf venture, the TGL, has been delayed by a year after the inflatable dome of its custom-built Florida venue deflated, organizers announced Monday. Organizers said the league’s 24 players, six team ownership groups and other key partners, including the PGA Tour, had been consulted ahead of the postponement. TGLThe venture is the brainchild of TMRW Sports, a company co-founded by Woods and McIlroy. Both players are set to compete in the league, for Jupiter Links Golf Club and Boston Common Golf respectively. TGLEach team represents a different US city, state or town; Atlanta, Boston, Los Angeles, New York, San Francisco and Jupiter.

Persons: Woods, Rory McIlroy’s, “, McIlroy, “ I’ve, ” Woods, ” McIlroy, –, Patrick Cantlay, Xander Schauffele, Matt Fitzpatrick, Max Homa, Wyndham Clark, Jon Rahm, ” Rahm, Serena, Venus Williams, Steph Curry Organizations: CNN, PGA, SoFi, Palm Beach State College, PGA Tour, TGL, TMRW Sports, Jupiter, Boston, ESPN, Golf, San Francisco, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, NASCAR’s RFK Racing, English Premier League football club Liverpool Locations: Florida, Palm, Atlanta, Boston, Los Angeles , New York, San Francisco

☆ Tiger Woods' new golf league delays start of season by a year after venue collapse
▼ + stars: | 2023-11-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Tiger Woods and Rory McIlroy's indoor golf league, TGL, has postponed its inaugural season by a year until the start of 2025, the organization said Monday. But TGL delayed the season, which was expected to start in January, after speaking to key partners. "This decision came after reviewing short-term solutions, potential construction timelines, player schedules, and the primetime sports television calendar," the league said in a statement. TGL, which counts the PGA Tour as a partner, was founded by McIlroy, Woods and former NBC executive Mike McCarthy. The trio wants to create a primetime indoor golf league to attract new fans to the sport at as the emergence of the Saudi-backed LIV Golf, and then its proposed merger with the PGA Tour, left golf at a crossroads.

Persons: Woods, Rory McIlroy, Tiger Woods, Rory McIlroy's, TGL, McIlroy, Mike McCarthy, LIV Golf, Steve Cohen, Arthur Blank, Alexis Ohanian, Serena, Venus Williams, Stephen Curry, Lewis Hamilton, Alex Morgan, Justin Timberlake, Tony Romo, Josh Allen, Rosalyn Durant Organizations: Northern, Augusta National Golf Club, Tiger, SoFi, NBC, PGA Tour, Atlanta Falcons, Fenway Sports Group, ESPN Locations: United States, Augusta , Georgia, Palm Beach Gardens , Florida, Saudi

The PGA Tour said Tuesday it will begin to offer professional players direct equity ownership in the new company that will be formed after it reaches a deal with investors, according to an internal memo obtained by CNBC. The talks with PIF and the DP World Tour remain the tour's "top priority," PGA Tour Commissioner Jay Monahan said in Tuesday's memo. The new program outlined in Tuesday's memo is the latest move to align the interests of PGA Tour players with the business itself. Monahan also wrote that the Tour's agreement with PIF and DP World Tour has generated interest from other investors. Last week, Fenway Sports Group Chairman Tom Werner acknowledged that the company has held talks with the PGA Tour, but declined to comment with any further details.

Persons: Woods, Rory McIlroy, LIV, Jay Monahan, Monahan, Tom Werner, There's Organizations: Northern, Augusta National Golf Club, CNBC, Saudi Arabia's Public Investment Fund, PIF, PGA, Fenway Sports Locations: United States, Augusta , Georgia, Saudi, U.S

Tiger Woods couldn't be more involved with primetime TGL unless he had built the arena. Woods, Rory McIlroy and former Golf Channel president Mike McCarley are founding partners in TMRW Sports, the sports and entertainment company behind TGL. “Having the opportunity to not only compete, but also own a team to represent Jupiter is an exciting next chapter for me,” Woods said Tuesday. Woods referred to TGL as a “modern twist of traditional golf” that ultimately will make it more accessible by leaning the glitz of technology. The prize fund is $21 million, with $9 million going to the winning team and players eventually getting equity in the league.

Persons: He's, Woods, David Blitzer, Rory McIlroy, Mike McCarley, ” Woods, Woods hasn't, ” McCarley, McIlroy, Keegan Bradley, Adam Scott, Tyrrell Hatton, Arthur Blank, Alexis Ohanian, Venus Williams, Alex Morgan, Michelle Wie West, Steven Cohen, Marc Lasry, Stephen Curry, Blitzer, “, I've, ”, —, LIV, TGL, Collin Morikawa, Bradley Organizations: TGR Ventures, Jupiter, Golf Channel, TMRW Sports, “, SoFi, ESPN, Technology, Fenway Sports Group, New England, Keegan, Atlanta, Atlanta Falcons, Los Angeles Golf Club, New York Mets, Avenue, Fund, Golden State, —, Philadelphia 76ers, New Jersey Devils, Cleveland Guardians, Washington Commanders, Real Salt Lake, Crystal Palace FC, Premier League, Ryder, Saudi, LIV Golf Locations: Palm Beach Gardens , Florida, Los Angeles, Boston, Serena, New York, San Francisco, Golden, American, Real Salt, LIV .

☆ PGA golfer Rory McIlroy and Red Sox chairman Tom Werner on the future of indoor golf league, TGL
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPGA golfer Rory McIlroy and Red Sox chairman Tom Werner on the future of indoor golf league, TGLPGA Tour golfer Rory McIlroy and Tom Werner, chairman of Fenway Sports Group, join 'Halftime Report' to discuss the new tech-based golf league TGL, what this means for the sport's future, and more.

Persons: Rory McIlroy, Tom Werner Organizations: Red Sox, Fenway Sports Group

☆ Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal
▼ + stars: | 2023-11-06 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization's framework agreement with Saudi-backed LIV Golf faces new doubts. Werner, who spoke alongside PGA Tour star Rory McIlroy, said that the players "will decide the direction the tour goes." McIlroy had been outspoken in his disdain for LIV Golf, saying in July that if LIV Golf was "the last place to play golf on earth, I would retire." LIV lured PGA Tour players, like Phil Mickelson, to with deals worth hundreds of millions of dollars. McIlroy sounded a friendlier note Monday, when asked about the potential for a renewed rivalry between the PGA Tour and LIV Golf.

Persons: Tom Werner, LIV Golf, we've, Werner, CNBC's Scott Wapner, Rory McIlroy, LIV, Alan Shipnuck, McIlroy, Critics, Prince Muhammad bin Salman, Tiger Woods, LIV Golf's, Phil Mickelson, McIlroy's Organizations: Fenway Sports, PGA Tour, PGA, Boston Red Sox, Liverpool FC, Veteran, Endeavour Group Holdings, WWE, UFC, Saudi Arabia's Public Investment Fund, Saudi, Tiger, Tour, ESPN, TGL, Fenway, Boston, CNBC Locations: Saudi, U.S

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