Liverpool chairman Tom Werner confirms investment talks to rival Newcastle United's Saudi PIF
Liverpool chairman Tom Werner has confirmed that Fenway Sports Group have held talks over an investment in the PGA Tour.
In September it was reported by Reuters that the Reds owners were looking at putting together a bid to take a stake of the company that organises the elite golf competitions in North America, a move that would see them in direct competition with the Saudi Arabian Public Investment Fund (PIF), the owners of Newcastle United.
Last month sources in the US told the ECHO that a move by FSG to put together a bid to rival the PIF was in the works, with the Reds owners wanting to expand their sporting portfolio and diversify further having already acquired a franchise team for the Boston region in Rory McIlroy and Tiger Woods’ new TMRW Golf League competition.
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Werner, who serves as chairman of FSG, Liverpool and the Boston Red Sox, confirmed on Tuesday that talks had indeed taken place, but would not be drawn on the current state of play in terms of how far along any discussions might be.
Speaking to CNBC’s Halftime Report alongside McIlroy, Werner said: “We don't really like to talk about things that are in discussion. Really, we're here to talk about tomorrow’s golf and this team and anything we can do to help Rory and the PGA, we're happy to offer our support.
“We just want to offer our support creatively to any of the ideas that are welling up. It's really up to the players to decide on the direction they want to go. I confirm we have had conversations.”
Despite a very public war of words, the PGA Tour, the PIF and the DP World Tour (the
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