, an organizer of top-level professional golf tournaments mostly in the U.S., with LIV Golf, an upstart league funded by Saudi Arabia — stunned players and fans alike this week.
While the PGA Tour and LIV Golf clashed publicly, including litigation in which LIV accused the PGA Tour of acting as a monopolistic enterprise and the defections of top PGA Tour players to LIV, the surprise union gives the Saudis a foothold in one of the world's enduring pastimes. "The bulk of their investments is in America. It's the most liquid market and with the greatest returns," Haykel said."This is a no-brainer."Making inroads in the U.S. golf market, a multibillion-dollar industry, is merely the latest frontier for Saudi Crown Prince Mohammed bin Salman as his government sets its sights on the global sports arena.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: AllSidesNow - 🏆 572. / 51 Weiterlesen »
Herkunft: FoxNews - 🏆 9. / 87 Weiterlesen »
Herkunft: nypost - 🏆 91. / 67 Weiterlesen »