, its Saudi Arabia-backed rival, the reaction from the sports commentariat was uniform. “Money wins,” Jason Gay wrote in the’ Kurt Streeter wrote, “They said it was about principles, but it was always about money.” He continued, “Human rights, it turns out, are a bore and obstacle. Sportswashing, as it is known, is powerful and effective.”nearly always about the money.
At a press conference last week, Monahan tried to justify his one-eighty by saying that “circumstances change” and arguing that a merger withwill be good for the P.G.A. Tour—and for golf generally. He also said that it was attractive to “take the competitor off of the board.” But that statement brought up a second hurdle facing the P.G.A. Tour-merger: U.S. antitrust laws. Even before the deal was announced, the Justice Department had been investigating the P.G.A.
The final hurdle that the P.G.A. Tour needs to clear is the perception that it is selling an iconic American institution to a government headed by , who has accepted responsibility for Khashoggi’s death while denying that he ordered it. Whitson said that the issues raised by the P.G.A. Tour-merger go well beyond golf. “The Saudi investment in U.S. sports assets is not an isolated thing,” she said. “It is part of an unprecedented investment in diverse sectors of the American economy, from gaming to entertainment to fashion to finance. The list goes on and on.
Whitson also pointed to recent Saudi efforts to buy influence in the American political system, most notably through large investments in private-equity funds run by
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Senator asks LIV Golf, PGA Tour leaders for records on mergerThe leader of a Senate subcommittee wants the PGA Tour and Saudi Arabia’s LIV Golf to present records about negotiations that led to their new agreement and plans for what golf will look like under the arrangement. Sen. Richard Blumenthal sent letters to PGA Tour Commissioner Jay Monahan and LIV CEO Greg Norman spelling out the “serious questions regarding the reasons for and terms behind the announced agreement.” Blumenthal, who is chairman of the Senate Permanent Subcommittee on Investigations, said he also wanted to hear the tour’s plans to retain its tax-exempt status. Last week, LIV and the tour stunned the golf world by agreeing to merge the PGA Tour and European tour with the Saudi golf interests, while dropping all lawsuits between the parties.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »
The PGA Tour-LIV Golf merger, explained: Who won, who lost, what it means for fansIn one of the most consequential moments in golf history, the PGA Tour and LIV Golf announced on Tuesday morning that they would combine operations to create an as-yet-unnamed new worldwide golf entity. The agreement ends litigation between the two tours, provides a potential pathway for LIV Golf players to rejoin the PGA Tour, and sets up a framework where Saudi Arabia's Public Investment Fund (PIF) now has a significant stake in the future of men's professional golf.
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PGA Tour goes full hypocrite in its merger with LIV GolfJust last month, the PGA Tour — the pure, pure, ethically-minded PGA — was so aghast at having even a hint of association with Saudi Arabia, that, per GolfWeek, it blocked the Byron Nelson tournament from adding Raytheon Technologies as a title sponsor.
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Senator opens investigation into PGA Tour merger with Saudi-backed LIV GolfThe sudden merger between PGA Tour and Saudi-owned Liv Golf has invited scrutiny from federal lawmakers.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »