News Formal

PGA Tour officials say they had no choice but to reach deal with the Saudis | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Two top officials of the PGA Tour said the sport’s governing body had no choice but to reach a truce in its yearlong battle with LIV Golf and try to reach a merger with the Saudi-funded tour

The comments came during a contentious Senate hearing Tuesday at which the truce between the PGA Tour and LIV Golf, as well as the Saudi government, were subject of harsh criticism from senators. “Today’s hearing is about much more than the game of golf.

He pointed out that the Saudi Public Investment Fund, which is funding LIV Golf, has 500 times the financial resources as the PGA Tour. “From a commercial standpoint, it’s not a fair fight. The PGA Tour accurately viewed LIV as an existential threat,” Johnson said in his opening remarks. “It would be grossly unfair to expect the PGA Tour to bear the full burden of holding Saudi Arabia accountable.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Member of PGA Tour Policy Board Resigns, Claims LIV Golf MergerRandall Stephenson, a member of the PGA Tour’s policy board, has resigned, claiming it was due to the Saudi-backed LIV Golf merger.
Source: BreitbartNews - 🏆 610. / 51 Read more »