Report: PIF close to buying stake in PGA Tour Enterprises

(Photo credit: Aaron Doster-Imagn Images)
The Public Investment Fund of Saudi Arabia -- the money behind LIV Golf -- is nearing the acquisition of a small share of PGA Tour Enterprises, Bloomberg reported Tuesday.

The PIF, per the report, is set to take a 6 percent ownership stake in the organization, which is the for-profit branch of the PGA Tour. The two sides have been negotiating an alliance for more than a year.

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