PGA Tour files motion to add Saudi Arabia's Public Investment Fund to LIV Golf lawsuit

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 94%

United States News News

United States United States Latest News,United States United States Headlines

.PGATour files motion to add Saudi Arabia's Public Investment Fund to LIVGolfInv lawsuit

The motion, filed in the U.S. District Court for the Northern District of California, called for adding the Public Investment Fund along with Yasir Al Rumayyan, who serves as the governor of the fund, to the lawsuit due to their"active and central role" in getting golfers to abandon the PGA Tour."Recently produced documents confirm that PIF and Mr.

The PGA Tour later filed a counterlawsuit alleging LIV Golf colluded to get players to breach their contract with the tour and join the competing golf tour. "LIV intentionally and knowingly caused these players to breach their contractual obligations to the TOUR by mispresenting TOUR contracts; inducing these breaches by offering highly lucrative contracts that make it impossible for players to comply with their TOUR contracts; and providing extensive indemnification and hundreds of millions of dollars to compensate LIV players for these breaches," lawyers for the PGA Tour said.

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:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Saudi Arabia Public Investment Fund that Started LIV Golf Tour Targeting Formula 1F1 rebukes FIA president Mohammed Ben Sulayem over ‘inflated value’ comments.
Source: AutoweekUSA - 🏆 229. / 63 Read more »

Microsoft makes new 'multibillion-dollar' investment in ChatGPT-maker OpenAIMicrosoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools... Nice ideas
Source: MarketWatch - 🏆 3. / 97 Read more »

State Senator Seeks Increased Investment In Maryland's Mental Health Trust FundMaryland is one of only 11 states to establish a trust fund to support and expand it's crisis intervention hotline. A state legislator representing part of Prince George's County wants to increase annual support in the state's budget. (via WYPR881FM) WYPR881FM $12,000 and $12,000,000 are a little different. WYPR881FM 12 thousand
Source: DCist - 🏆 518. / 51 Read more »