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. According to Bloomberg, that minority stake would indicate a valuation of about $12 billion,

The PGA Tour and Saudi Arabia’s Public Investment Fund reached an agreement for the PIF to invest more than a billion dollars into the Tour’s commercial arm, finalizing a pact that the two sides

The PGA Tour, Saudi Public Investment Fund and the DP World Tour entered into a framework agreement, announced June 6, 2023, that was effectively an agreement to halt litigation a

Saudi Arabia’s Public Investment Fund is nearing a deal to acquire a minority stake in PGA Tour Enterprises, according to people with knowledge of the matter.

Rafa Nadal was named an ambassador for the Saudi Tennis Federation, with the Spaniard saying that he was eager to help train children and grow interest in the sport.