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The US PGA Tour announced a deal worth up to $3 billion with a group of billionaire sports team owners on Wednesday to create a for-profit entity, PGA Tour Enterprises.
PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal announced Wednesday that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. The launch of PGA Tour Enterprises, with SSG as a minority partner, comes […]
The sure sign of a glorious day at Pebble Beach is when even the players stop to take pictures. Justin Thomas couldn't resist on the 18th tee, a view that illustrated why Robert Louis Stevenson called it the "most felicitous meeting of land and sea.” The stronger connection to Pebble is Bing Crosby, the host of the original clambake whose name was part of the tournament from 1937 until the PGA Tour went corporate in 1986.
The AT&T Pebble Beach Pro-Am is a signature event with a $20 million purse and the best field it has had in a long time. Instead of 156 players (it used to be 180) spread across the Del Monte Forest at Pebble Beach, Spyglass Hill and Monterey Peninsula, there are only 80 players over two courses (Pebble and Spyglass).
Imagine the best in golf playing at the most scenic course in America. That's what the PGA Tour has with Pebble Beach. This is now a $20 million signature event with the best field it has had in a …