Replies to post #209019 on Baseball Chat (BASEBALL)

[SoxFan]

yup = Henry just did a deal for 3 billion today

Fenway Sports Group is now a driving force in golf’s premier professional tour.

A partnership has been struck with Strategic Sports Group, a consortium of North American professional sports owners with a controlling interest held by the parent company of the Red Sox owners, for a minority share in the new for-profit PGA Tour Enterprises, the commercial arm of the tour.

The SSG investment, according to a source with knowledge of the months-long negotiations, will be for an amount up to $3 billion. The initial investment is for $1.5 billion in the new venture, in which the nearly 200 PGA Tour players will gain equity. The remainder of SSG funds will be disbursed in the coming years, with players able to benefit from the commercial growth of the enterprise based on their success on a year-to-year and career basis, future participation, and PGA Tour membership status.

plus Henry is spending big on soccer and also owns the Pittsburg Penguins