Report: PGA Tour close to deal with U.S. sports owners group

(Photo credit: John David Mercer-USA TODAY Sports)
The PGA Tour is finalizing a multibillion-dollar investment agreement with a consortium of U.S. sports team owners, while it still hopes to reach a deal with the Saudi Public Investment Fund as well, ESPN reported Friday.

The tour has sought investment for a new for-profit entity, PGA Tour Enterprises, the idea of which was first established in the framework agreement wi