PGA Tour-LIV merger explained: What happened and what will it mean for golf?

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 98%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Everything you need to know about the shock announcement unifying the rival tours

The Saudi Arabian Public Investment Fund, a wealth fund controlled by Crown Prince Mohammed bin Salman, is among the largest sovereign wealth funds in the world with total estimated assets of €580 billion. In sport, they most notably own Newcastle United Football Club in the Premier League, and established the LIV Golf tour last year. According to the press release, PIF will make a capital investment into a new “for-profit entity” with the PGA and DP World Tours.

In the PGA Tour press release, Monahan said there was a “good-faith effort” to look at team golf but it has not been explained how the LIV Golf teams would continue. For the PGA Tour defectors, there will be a “fair and objective” process for players who want to reapply for membership.Rory McIlroy has backed the new entity.

McIlroy was keen to distinguish between LIV Golf and the PIF, admitting: “It’s not LIV. I still hate LIV. I hope it goes away and I would fully expect that it does.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

PGA Tour and DP World Tour announce shock merger with LIV GolfThe PGA Tour, DP World Tour and LIV Golf have agreed to merge commercial operations under common ownership, the PGA Tour has announced IrishTimes
Fonte: IrishTimesSport - 🏆 2. / 99 Consulte Mais informação »

PGA Tour and DP World Tour announce suprise merger with LIV GolfThe PGA Tour, DP World Tour and LIV Golf have agreed to merge commercial operations under common ownership, the PGA Tour has announced IrishTimes
Fonte: IrishTimesSport - 🏆 2. / 99 Consulte Mais informação »

Shock LIV merger with PGA Tour ‘more evidence of Saudi sportswashing’ says Amnesty International'Away from the glamour of golf courses and TV cameras there’s mounting repression in Saudi Arabia'
Fonte: IrishTimes - 🏆 3. / 98 Consulte Mais informação »

PGA Tour merger with Saudi-backed LIV Golf 'is a takeover''When you look at the power they have with that Public Investment Fund, in 10 years' time where will global sport be?'
Fonte: NewstalkFM - 🏆 19. / 55 Consulte Mais informação »