Liverpool owners FSG considering major investment deal to rival Newcastle's PIF

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FSG are interested in making an investment in the PGA Tour, in what would be a rival bid to the PIF

Having reached a positive conclusion with regard to the search for investment into Liverpool, Reds owners Fenway Sports Group will now focus on the continued growth of their sporting empire.

It put to bed the rumours around an impending sale of the football club by FSG, for whom Liverpool, at £4bn-plus, are the most valuable asset in a portfolio worth some £10bn, with majority ownership stakes in the Boston Red Sox baseball team and Pittsburgh Penguins ice hockey franchise. Despite a very public war of words, the PGA Tour, the PIF and the DP World Tour signed an agreement to unify as one commercial entity. It was a deal that shocked the sporting world given the animosity that had existed between the organisations due to the creation of the PIF-backed LIV Gold Tour, which paid huge sums of money to players to take them away from the PGA Tour, creating a significant schism in golf.

 

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