Saudi adviser proposed giving Tiger Woods and Rory McIlroy ownership of LIV Golf teams, documents show | CNN Business

📆 7/12/2023 4:16 AM
📰 cnni

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Prior to a truce between the PGA Tour and LIV Golf last month, an adviser to the Saudi Public Investment Fund proposed that Tiger Woods and Rory McIlroy could own LIV Golf teams and play in the Saudi-backed tour, according to a report

In an April 26 meeting, PCP Capital Partners, a Saudi PIF adviser, presented a slideshow to PGA Tour board member Jimmy Dunne and PGA Tour Policy Board Chairman Edward Herlihy entitled “The Best of Both Worlds.” The slideshow proposed that McIlroy and Woods would own LIV Golf teams and participate in at least 10 LIV Golf events, documents showed.

” The earliest communication regarding the possibility of a PGA Tour and PIF agreement occurred in December, according to the subcommittee summary, when British businessman Roger Devlin wrote to Dunne.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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.

PGA-LIV Golf merger: Senators rip 'brutal' and 'repressive' Saudi influence in packed hearingPGA-LIV Golf merger: Senators rip ‘brutal’ and ‘repressive’ Saudi influence in packed hearing
Source: MarketWatch - 🏆 3. / 97 Read more »