US Congress probes PGA-LIV Tour merger involving Saudi money

  • 📰 The42_ie
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The deal unveiled last week raises questions about the role of the Saudi government in the accord.

THE US CONGRESS has launched a probe into the surprise merger of the PGA Tour with Saudi-backed LIV Golf, the chair of an investigative panel announced.

The merger settled a legal battle between the rival tours only a year after LIV Golf launched with several stars who had jumped from the PGA for big-money offers from the upstart series.LIV Golf was launched in October 2021 and lured top PGA Tour talent with record $25 million purses and money guarantees, bankrolled by Saudi Arabia’s Public Investment Fund .

 

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:

 /  🏆 5. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Why LIV’s golf merger with PGA is just the start of Saudi Arabia’s sportswashingAs the world transitions to a post-oil economy, the regime in Riyadh must explore other income streams and to do that it must improve its image
Source: businessposthq - 🏆 8. / 71 Read more »

Why LIV’s golf merger with PGA is just the start of Saudi Arabia’s sportswashingAs the world transitions to a post-oil economy, the regime in Riyadh must explore other income streams and to do that it must improve its image
Source: businessposthq - 🏆 8. / 71 Read more »

PGA-LIV merger - ‘Saudi Arabia is sportswashing’'They want prestige, they want their population entertained.' Following the merger of LIV and the PGA this week, Saudi Arabia’s ‘sportswashing’ has placed them as a large player in the world of sport.
Source: NewstalkFM - 🏆 19. / 55 Read more »