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

📆 11/07/2023 21:51:00
📰 CNN

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

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »