When the Saudi Arabian-backed LIV Golf series announced an agreement to join with the PGA Tour on Tuesday, it shocked deal makers across the sports world.
“It’s been a mix of stunned and in disbelief,” Alex Michael, a managing director at the investment bank LionTree, told DealBook about the general reaction.
Industry insiders quickly moved on to wondering which sport could be next.
Saudi Arabia’s enormous sovereign wealth fund, which is…