Who Owns The PGA Tour?

The world’s most important golf organization generates nearly $2 billion in annual revenues

BY TIM REYNOLDS

It was a few minutes after Camilo Villegas’ election to the PGA Tour’s Player Advisory Council was announced, giving him a three-year term on the tour’s board of directors, set to begin in January. He walked into the press room at the Cognizant Classic in Palm Beach Gardens, Florida, and it was time for questions. “Is it congratulations?” he was asked. “Or condolences?” These days, such a reaction is understandable. These are confusing times on the PGA Tour. The arrival of the LIV Golf League, and the defections to it by former PGA Tour stars like Dustin Johnson, Jon Rahm, Phil Mickelson and more, has made the business of pro golf more muddled than ever before. LIV is backed by Saudi Arabia’s Public Investment Fund (PIF), which is considered one of the world’s…

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