Liverpool chairman Tom Werner confirms investment talks to rival Saudi PIF

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Liverpool and FSG chairman Tom Werner has confirmed talks have taken place around PGA Tour investment

Liverpool chairman Tom Werner has confirmed that Fenway Sports Group have held talks over an investment in the PGA Tour.

Werner, who serves as chairman of FSG, Liverpool and the Boston Red Sox, confirmed on Tuesday that talks had indeed taken place, but would not be drawn on the current state of play in terms of how far along any discussions might be. 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 Golf Tour, which paid huge sums of money to players to take them away from the PGA Tour, creating a significant schism in golf.

FSG, who concluded their search for a minority partner in Liverpool back in September when a deal with New York-based Dynasty Equity was agreed for a sum of around £150m, a move to clear bank debt accrued in relation to infrastructure projects that improves cash flow for the Reds, are a business in growth mode and one that is now looking to add to its empire that is currently worth in excess of £10bn.

 

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