PEBBLE BEACH, CALIFORNIA | Wind-whipped but smiling after a Wednesday practice round at Pebble Beach, Adam Scott walked off the famous 18th green as a sea spray carried on the gusts.
As a member of the PGA Tour Policy Board, Scott has been integrally involved in the negotiations that led to the announcement of the tour’s transformational multibillion-dollar partnership with Strategic Sports Group, almost instantly reshaping the tour’s future.
“I don’t know what chapter this is for the PGA Tour, but it has certainly become a new chapter in the tour taking on an investor, an incredible investor group at that,” Scott said as an approaching storm blew in from the Pacific.
“This is a partnership that takes professional golf into the future. It’s excitement. There are great things happening for all involved in it.”
While there are many details still to be clarified, the essence of the deal is this:
Strategic Sports Group, a consortium of professional sports owners, is making an initial investment of $1.5 billion into PGA Tour Enterprises, with another $1.5 billion potentially coming. The group, led by Fenway Sports Group, also will take an active role in plotting strategy for the tour on and off the course.
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