Deals
Henry Kravis, Endeavor, Fenway Eye PGA Tour Deal to Rival Saudi Arabia’s
- Investors may provide an alternative to Saudi Arabia’s offer
- PGA Tour said it has received unsolicited investor interest
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Ari Emanuel’s Endeavor Group Holdings Inc. and Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC, are among US investors exploring investing in the PGA Tour, providing a possible alternative transaction to a pending deal with Saudi Arabia’s Public Investment Fund, according to people with knowledge of the matter.
KKR & Co. co-founder Henry Kravis, who has an estimated net worth of $10.5 billion, according to the Bloomberg Billionaires Index, is among other US investors considering investing in the PGA Tour, some of the people said.