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The PGA has announced plans to merge with
Saudi-backed rival LIV Golf but has also recently said it would
advance discussions with U.S.-based Strategic Sports Group (SSG)
which could come in as a co-investor.
Twenty-one golfers including 2016 Masters champion Danny Willett
are seeking full disclosure of the details and analyses of any
proposal by prospective partners as well as a meeting with the
policy board, according to a Dec. 10 letter sent by law firm
Susman Godfrey.
"The Board has recently received multiple bids by prospective
capital partners that will potentially transform how the PGA
Tour operates, who controls it, and who owns it," attorney Jacob
Buchdahl wrote.
"All but a handful of PGA Tour players have been kept entirely
in the dark about the prospective transaction, how it will
impact them, and what conflicts of interest may impact the
decision-makers."
The PGA did not immediately reply to a request for comment.
SSG includes Fenway Sports Group, owners of Major League
Baseball's Boston Red Sox, as well as Premier League club
Liverpool. It also includes investment firm Cohen Private
Ventures, New York Mets owner Steve Cohen's family office and
private equity firm HighPost Capital.
Reuters reported in September that Fenway Sports Group and
Endeavor Group were interested in investing in the PGA Tour and
any potential transaction would rival PGA's deal with Saudi
Arabia's Public Investment Fund.
(Reporting by Rory Carroll in Los Angeles; Editing by Edwina
Gibbs)
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