Endeavor, Fenway Group May Invest in PGA Tour

The transcript discusses the potential merger between the PIF and the DP World Tour, which was initially agreed upon by the PGA Tour. However, new interest from investors like Endeavor Group and Fenway Sports Group has emerged, possibly due to concerns about Saudi involvement. There is opposition from US lawmakers and stakeholders regarding a Saudi institution taking over a US sports organization. Alternative transactions are being considered, with PIF having a right of first refusal.

What concerns have been raised regarding the Saudis' role in ownership?

What alternative transaction was reported in relation to the ongoing negotiations?