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Fenway Sports Group, which owns the Boston Red Sox, Pittsburgh Penguins, Liverpool F.C. of the Premier League and other sports properties, has emerged as one of the leading U.S.-based investors, along with KKR & Co. investment firm co-founder Henry Kravis.
At a U.S. Congressional hearing regarding the pending deal on July 12, PGA Tour chief operating officer Ron Price revealed that the PIF has pledged to invest more than $1 billion in the new for-profit entity, known as PGA Tour Enterprises, that will be controlled by the PGA Tour.
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