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Liverpool owner Fenway Sports Group has made a bid to acquire Newcastle United’s PIF.

 

Liverpool owner Fenway Sports Group could take a step closer to its next investment this week.

The American group expanded its portfolio this year by acquiring franchises in the newly formed Tech Golf League, led by icons Rory McIlroy and Tiger Woods. They named the Boston Common Golf team based in Massachusetts.

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FSG owns Liverpool and has managed Major League Baseball’s Boston Red Sox since 2010 and acquired the National League hockey team Pittsburgh Penguins in 2021.

Now John Henry & Co can take the next step in golf by investing in the PGA Tour. A controversial merger deal with LIV Golf, backed by Saudi Arabia’s Public Investment Fund, failed to reach an agreement with the PGA or DP World Tour (formerly the European Tour).

The PGA’s policy committee, which includes Woods and McIlroy, met Monday to “discuss other investment options that have emerged in recent weeks,” according to the Washington Post.

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The “presumptive frontrunner among potential investors” is Fenway Sports Group, according to two people familiar with the negotiations.FSG and Liverpool chairman Tom Warner told CNBC last week that discussions had taken place with the PGA.

According to golf journalist Alan Shipnuk, FSG have made a “huge offer” to “buy” PIF, which owns Liverpool’s Premier League rivals Newcastle United.

The Washington Post speculates that FSG could become a major investor in a new for-profit entity, PGA Tour Enterprises.

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The PIF is also continuing its plans to provide financial support to the PGA,Other parties involved in the PGA Tour investment include Arctos Sports Partners, which has a minority stake in FSG. WWE and UFC owner Endeavor rejected the offer.

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