Endeavor, a prominent entertainment conglomerate boasting holdings like WWE, UFC, and the William Morris Agency, extended an offer to collaborate with the PGA Tour, as revealed by President and COO Mark Shapiro. The proposal aimed to expand Endeavor’s involvement with the Tour, encompassing endeavors such as commercial rights sales and tournament management. In exchange, Endeavor sought $25 million annually, leading a consortium that would acquire a share of the Tour, capped at a maximum of 10%.
Shapiro confirmed the offer but disclosed that it was met with a decline, stating, “They’ve officially turned it down. We’re big fans of golf, and we’ll continue to champion the PGA Tour, but we’re not going to be an investor at any level.”
The PGA Tour, currently navigating a “framework agreement” with the DP World Tour and the Public Investment Fund of Saudi Arabia, faces an impending deadline of December 31 for completion. While rumors of an extension circulate, there remains uncertainty, leaving the golfing community and enthusiasts speculating about the future of this significant collaboration.
