FSG’s principal proprietor, John Henry has reportedly held talks with Newcastle‘s Saudi Arabian house owners over a £800 million-plus funding in a non-Liverpool-related enterprise.
Earlier in 2024, a consortium led by Fenway Sports activities Group (FSG) instigated a £2.3 billion funding into golf’s PGA Tour.
This got here within the type of the creation of a brand new business enterprise, PGA Enterprises, which permits gamers to turn out to be fairness holders within the challenge.
This is able to additionally allow co-investment from the Saudi Arabian Public Funding Fund (PIF) sooner or later, one thing that’s now coming to fruition.
ESPN reported that talks came about final week in New York, with PGA Tour Enterprises chairman Joe Gorder and FSG proprietor John Henry a part of “a transactional subcommittee that’s negotiating with the Saudis, together with Tiger Woods and golfer Adam Scott.”
That is an fascinating improvement for golf and for Liverpool as a result of nature of FSG’s relationship with the PIF, who personal 85 p.c of Newcastle.
The connection between Liverpool and Newcastle‘s house owners would should be a minimum of co-operative for the Saudi-backed LIV Golf tour to merge with the FSG-led PGA Tour.
It is usually fascinating how this might have an effect on the golf equipment’ behaviour round Premier League points, together with votes on rule modifications and points referring to revenue and sustainability guidelines, with potential conflicting pursuits in several sports activities.
John Henry’s July feedback
In an interview with the Boston Globe in July, an outlet Henry owns, the Liverpool chairman was requested about FSG’s progress technique within the wake of their funding into the golf market.
He famous how they’re now at capability, saying: “It implies that we’re not seeking to develop at this level.
“I hate to say that on the report, however we’ve acquired our arms full with Boston, Liverpool, this, Pittsburgh [Penguins], NASCAR, actual property.
“We’re engaged on a few issues that we have been engaged on earlier than we acquired concerned right here (PGA Tour).
“There shall be different alternatives, I’m certain, that we’ll have a look at, however we’re totally engaged. We’re not on the market, and I believe we’ve by no means been on the market, in search of alternatives.”
Let’s hope no battle of curiosity emerges between Liverpool and FSG’s golf investments.
