"Nothing like finding out through Twitter that we're merging with a tour that we said we'd never do that with," Mackenzie Hughes, a PGA golfer of Dundas, Ont., wrote on Twitter.It's the second straight year the Saudi Arabian-funded LIV Golf will be at the centre of discussion at Canada's lone PGA Tour event.
Now the tours are merging. The agreement combines the Public Investment Fund's golf-related commercial businesses and rights -- including LIV Golf -- with those of the PGA and European tours. The new, for-profit entity has not been named. The PGA, however, will retain its not-for-profit, tax-exempt status."I feel betrayed, and will not ... be able to trust anyone within the corporate structure of the PGA Tour for a very long time," Wesley Bryan tweeted.
The Saudi regime benefits by further legitimizing itself in the global sports landscape -- as it has with soccer superstar Cristiano Ronaldo's transfer to the Saudi Professional League -- and the PGA Tour gets a massive influx of money, he says. "It seems like citing this kind of criticism is wielded only when Saudi interests don't align with the interests of a Western sport organization, but when they do the critiques aren't as apparent."
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »