Saudi Arabia's Public Investment Fund, the backers of LIV Golf, is reportedly nearing a deal to acquire a 6% stake in PGA Tour Enterprises., that minority stake would indicate a valuation of about $12 billion, which is in alignment with the terms that the Strategic Sports Group invested in PGA Tour Enterprises.
A deal with the PIF and PGA Tour Enterprises would signal the beginning of the end of the ongoing war between the PGA Tour and LIV Golf, which has dragged on for three years. LIV Golf's fourth season is set to begin in February.Matt Vincenzi is an SI contributor covering golf. Before joining SI, he worked as a golf writer for GolfWRX and the Action Network. He is a graduate of Bridgewater State University and has been covering professional golf for five years.