PGA Tour-LIV Golf merger 'disruptive’ for the sports industry, 'Shark Tank' star says

It also signaled that the dispute between the PGA Tour, its European tour and LIV Golf, which attracted some major golfers to join its lineup, will be coming to an end - including associated legal action.

"Shark Tank" star Kevin O’Leary predicted the PGA Tour and LIV Golf merger will be"disruptive" across the sports industry and bring forth new market competition, on"Varney & Co." Thursday, June 8, 2023."They want golf to be a global platform. This is a sport that could be relevant all around the world, and the best way to do it is to put these two behemoths together," the "Shark Tank" investor said.

Attorneys for the LIV Golf circuit admitted that"virtually zero" revenue was produced in 2022 in a motion filed with the U.S. District Court for Northern California in February.over the last three years, O’Leary argued, and is executing that growth with the golf merger. "Every partnership in every sector has its ups and downs. But it's clear to me now that the PGA and every golfer, even the critics, are better off," he pointed out. "Better purses, more diversified locations, more team excitement and a brand new multi-billion audience for golf."

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Golf's PGA Tour and LIV merger is the latest power play by Saudi ArabiaObservers say the PGA Tour and LIV merger is the Saudis’ latest attempt to flex their influence across a breadth of American institutions and mine economic opportunities in spite of tense relations with the West in recent years.
Source: NBCNews - 🏆 10. / 86 Read more »

LIV Golf, PGA Tour merger was inevitable; so is the blowbackCriticism of golf merger may be valid, but face it: We're all partners when it comes to supporting Saudi Arabia with our money
Source: sdut - 🏆 5. / 95 Read more »

After shock LIV Golf-PGA merger, what sports are next for Saudis?The Saudis’ Public Investment Fund has recently thrown mega bucks at the world’s best soccer players and reportedly made a run at WWE and Formula 1.
Source: nypost - 🏆 91. / 67 Read more »

The PGA Tour’s Antitrust Problem Isn’t Going Away With LIV MergerThe PGA Tour-LIV Golf merger stunned the golf world. But for an industry already under investigation by the Justice Department for antitrust violations, it might not stand up to federal scrutiny.
Source: WSJ - 🏆 98. / 63 Read more »