John Henry’s Fenway Sports Group (FSG) is in direct talks with Saudi Arabia’s Public Investment Fund (PIF) regarding a deal between the PGA Tour and LIV Golf.
Having led the Strategic Sports Group (SSG) consortium alongside other franchise owners that invested $3 billion in the PGA Tour earlier this year, FSG is directly involved in ongoing negotiations to end the split in international golf, according to Liverpool World.
After Liverpool’s summer transfer window was relatively quiet for arrivals after Martin Zubimendi rejected the club’s approachMany fans may be wondering what FSG did this summer and why. Mohamed Salah continues to be linked with a move to the Saudi Pro League.
Read more: Why Michael Edwards’ character traits bode well for transfer and contract negotiations
In addition to owning the Boston Red Sox baseball team, they play a key role in the Pittsburgh Penguins ice hockey team and NASCAR’s RKF Racing.
Their recent forays into golf include buying a franchise in Rory McIlroy and Tiger Woods’ new golf competition and an investment in the PGA Tour.
As the US golf tour attempts to secure a deal with rival LIV Golf before a December 31 deadline, Henry is heavily involved in the negotiations, having met with PIF governor Yasir Al-Rumayyan earlier this year.
What does all this mean?
This was announced earlier this year by The Athletic that FSG was considering the purchase of a second football club to help Liverpool “remain competitive in the Premier League and beyond”.
At the time, FSG chairman Mike Gordon said: “World football has changed enormously in recent years, becoming increasingly sophisticated and creating a myriad of challenges.
“To remain competitive, we must identify all avenues available to us to gain an advantage.
“To this end, Michael (Edwards) will use all the tools at his disposal and has already identified the acquisition of another club as a channel that will help strengthen our overall operation and boost our competitive ambitions.”
Michael Edwards, CEO of FSG Football, pictured in 2018 while working as Liverpool’s sporting director.
However, since the news broke, there has been no update on FSG’s efforts to enter a multi-club model.
With the owners devoting a lot of time to their golfing endeavors, we may have to wait a while before we see any move toward purchasing a second club.
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