Report: Saudi Public Investment Fund asks for 'sovereign immunity' in court battle with PGA Tour

Sports Seriously: Andy Nesbitt and Mackenzie Salmon discuss the impact Tiger Woods' comments on LIV Golf have on the sport going forward.While LIV Golf attorneys are trying to shed light on the PGA Tour's organizational structure and financial dealings as part of an anti-trust lawsuit, the head of Saudi Arabia's Public Investment Fund has insisted it shouldn't have to do the same, claiming"sovereign immunity.

The original suit, which was filed back in August by Phil Mickelson and 10 other golfers, was taken over by LIV Golf, which is under the PIF umbrella. The wealth fund, which was organized in 1971 as a means for the Saudi Arabian government to invest in various projects and companies, is currently estimated to be worth $676 billion."Now that LIV is involved, it's not necessary for me to be involved,'' Mickelson said in September when he dropped out of the suit."The only reason for me to stay in is damages, which I don't really want or need anything.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Elon Musk: South Korea Among Top Candidates For EV InvestmentAccording to recent media reports, one of the next Tesla gigafactories might be built in Asia and South Korea has a big chance to attract investment.
แหล่ง: InsideEVs - 🏆 579. / 51 อ่านเพิ่มเติม »

The one 'alternative' investment most likely to help your portfolioOPINION: Commodities can at least genuinely claim to be a third asset class, alongside stocks and bonds. Exactly. Whereas crypto are nothing but random numbers. Property is in the mix too.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Europe’s first Mars rover mission saved by major investmentThe ExoMars programme was imperilled after the European Space Agency cut ties with its former partner Russia. Ahahaha
แหล่ง: Nature - 🏆 64. / 68 อ่านเพิ่มเติม »