Hogan Lovells guides Fenway Sports Group and Strategic Investors in groundbreaking multi-billion dollar investment in PGA TOUR Enterprises
Press releases
| 02
February
2024
New York, Denver, 2 February 2024 – Global law firm Hogan Lovells has advised Fenway Sports Group (FSG) and a consortium of American Sports team owners – the Strategic Sports Group (SSG), in a major financial and strategic collaboration with PGA TOUR Enterprises, a new subsidiary of the PGA TOUR that includes the assets of the PGA TOUR.
The SSG includes individuals with over 200 years of combined sports team stewardship across several major global sports leagues, including the NFL, NBA, MLB, NHL, and EPL. As part of this transaction, SSG would invest up to US$3b in PGA TOUR Enterprises, and over 150 current PGA TOUR players would ultimately become equity owners of this new company.
Further details and the full list of SSG members can be found here.
The Hogan Lovells team was led by Matthew Eisler, partner and Global Head of the Hogan Lovells Sports practice, and partners Russell Hedman, Steve Argeris, and Mark Weinstein.
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