The leagues don’t expect the so-called “joint venture” to require a traditional merger review, another source told Bloomberg.see alsoSome antitrust experts, however, raised a red flag.
Monahan — who brokered the deal with the governor of the Saudi wealth fund — dismissed antitrust concerns when he announced the surprise shotgun marriage. The PGA Tour commissioner Jay Monahan has dismissed that there are any antitrust issues regarding the PGA-LIV merger.The rival leagues had been engaged in a high-profile legal fight for two years, with LIV alleging America’s premiere pro-golfer organization operated as a monopoly that blocked its athletes from participating in other tours — in violation of the US antitrust law.
PGA players and critics of the LIV Tour have accused the Saudis of splashing huge sums of money to lure some of the world’s best golfers as a form of “sportswashing” to counter the Kingdom’s history of human rights abuses.teed off on the PGA’s capitulation“It is hard for me not to feel like a sacrificial lamb. I put myself out there,” McIlroy said Wednesday during the RBC Canadian Open in Toronto.
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