[HIGHLIGHTS] The golf war: the PGA Tour and the $3 billion plan to compete with the Arabs

The PGA Tour reached an agreement with the Strategic Sports Group (SSG), a consortium of investors and owners of sports franchises. The players will become commercial "partners" of the brand and will have access to 1.5 billion in shares.

This agreement does not include the Public Investment Fund of Saudi Arabia, although they will continue negotiating. The PGA stressed that this transaction allows in the future "a co-investment of the Saudi Public investment Fund in thefuture, subject to all necessary approvals"