The PGA Tour has been making headlines recently due to significant investments and player defections to rival leagues. Notably, the tour secured a $3 billion investment from a US consortium, allowing players access to $1.5 billion in equity through PGA Tour Enterprises. Additionally, a US sports consortium, including the Saudi Public Investment Fund, is set to invest billions in the PGA Tour, potentially valuing the organization at $12 billion. This influx of capital has reshaped the landscape of professional golf, leading to high-profile players like Jon Rahm defecting to the Saudi-backed LIV Golf league, resulting in suspensions and shifts in player rankings on the PGA Tour.
The PGA Tour, founded in 1929, is the organizer of the main professional golf tours for men in the United States and North America. It hosts a series of prestigious events throughout the year, attracting the world's top golfers to compete for coveted titles and substantial prize money. The tour's primary mission is to showcase the highest level of golf competition while promoting the sport and its values to a global audience. With a rich history and a tradition of excellence, the PGA Tour continues to evolve and adapt to the changing landscape of professional sports, as seen in recent developments with new investments and player movements.
-
Scot facing big challenge adapting to his new working environment as PGA Tour card holder
-
Abraham Ancer fires an eight-under-par 62 to move to 15 under at Hong Kong Golf Club, with teammate Eugenio Chacarra, and Harold Varner III, his nearest challengers.
-
Charlie Woods finishes 16 over par in the pre-qualifier for the Cognizant Classic, falling short of qualifying for the PGA Tour event.
-
Tiger Woods withdrew from the Genesis Invitational after experiencing flu-like symptoms, feeling dizzy and dehydrated during the tournament.
-
The traditional West Coast swing is over on the PGA Tour. The Florida swing is a week away. In between is the Mexico Open.
-
Aldrich Potgieter shoots an 11-under 59, becoming the youngest player with a sub-60 round in a PGA Tour-sanctioned event, while Cristobal Del Solar sets the Korn Ferry Tour record with a 13-under 57.
-
The PGA Tour secures a $3bn investment from a US consortium, giving players access to $1.5bn in equity as owners of the new PGA Tour Enterprises.
-
A US sports consortium, including the Saudi Public Investment Fund, is set to invest billions in the PGA Tour, potentially reaching a valuation of $12 billion.
-
Keith Pelley is leaving his role as CEO of the European Tour to take up a position at Maple Leaf Sports and Entertainment in Canada.
-
FEMA plans to move 1,500 households from hotels to long-term housing, as many are stuck due to the tight housing market.
-
Top golfers, including Jon Rahm, are defecting to LIV Golf, a Saudi-backed league.
-
Tiger Woods and son Charlie carded a final round 61 at the PNC Championship, finishing tied for fifth, with Tiger's daughter Sam caddying for him.
-
Jon Rahm has been suspended from the PGA Tour after joining the Saudi-funded LIV Golf league, resulting in Mackenzie Hughes moving to No. 50 and Carl Yuan securing a full PGA Tour card for next year.
-
Tiger Woods returns to play in the Hero World Challenge in the Bahamas after an eight-month hiatus due to ankle surgery.
-
Tiger Woods returns to golf after injury and joins PGA Tour board to prevent secretive deals
-
Paul Azinger will no longer be the lead golf analyst for NBC Sports.
-
Rory McIlroy resigns from his player director role on the PGA Tour policy board after two years, citing personal and professional commitments
-
Lexi Thompson narrowly misses the cut at the Shriners Children's Open on the PGA Tour, falling short by three shots.
-
Europe has a commanding lead heading into Day 2 against Team USA, with standout performances from Jon Rahm and Luke Donald's strategic pairings.
-
Rory McIlroy expresses his views on the impact of LIV Golf on the Ryder Cup and his own focus on the FedEx Cup