Golf's PGA Tour and LIV merger is the latest power play by Saudi Arabia

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

United States News News

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

Observers say the PGA Tour and LIV merger is the Saudis’ latest attempt to flex their influence across a breadth of American institutions and mine economic opportunities in spite of tense relations with the West in recent years.

, an organizer of top-level professional golf tournaments mostly in the U.S., with LIV Golf, an upstart league funded by Saudi Arabia — stunned players and fans alike this week.

While the PGA Tour and LIV Golf clashed publicly, including litigation in which LIV accused the PGA Tour of acting as a monopolistic enterprise and the defections of top PGA Tour players to LIV, the surprise union gives the Saudis a foothold in one of the world's enduring pastimes. "The bulk of their investments is in America. It's the most liquid market and with the greatest returns," Haykel said."This is a no-brainer."Making inroads in the U.S. golf market, a multibillion-dollar industry, is merely the latest frontier for Saudi Crown Prince Mohammed bin Salman as his government sets its sights on the global sports arena.

 

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:

 /  🏆 10. in US

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.

PGA Tour Accused of Taking Saudi 'Blood Money' in Surprise Merger With LIV GolfThe PGA Tour surprised the golf world on Tuesday by agreeing to merge with the Saudi-backed LIV Golf league. See potential bias and similarities in coverage from NRO, nypost and MSNBC: PGALIVMerger
Source: AllSidesNow - 🏆 572. / 51 Read more »

Mitch McConnell doesn't believe PGA Tour merger with Saudi-backed LIV Golf has 'governmental concern'Sen. Mitch McConnell has seen the historic merger between the PGA Tour and Saudi-backed LIV Golf, but he isn't concerned that governmental intervention will be needed.
Source: FoxNews - 🏆 9. / 87 Read more »

Brooks Koepka’s PGA Championship win major factor in PGA-LIV merger: Reed DickensKoepka’s win on May 21 in one of the sport’s four major tournaments made a mockery of the golf rankings, Dickens said.
Source: nypost - 🏆 91. / 67 Read more »