KEY POINTS
  • A U.S. consortium, Strategic Sports Group, will invest up to $3 billion into the PGA Tour.
  • Talks about investment from the Saudi Public Investment Fund continue.
  • Under the new agreement, players will have the opportunity to gain equity in the tour.
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017.

A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced Wednesday.

Under the terms of the deal, the investor, Strategic Sports Group, will become a minority owner in PGA Tour Enterprises, the for-profit entity of the PGA Tour. The group will make an initial investment of $1.5 billion in the PGA Tour.