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Golf Merger

All articles tagged with #golf merger

sports1 year ago

PGA Tour and LIV Deal Remains Unresolved One Year Later

The PGA Tour and Saudi-backed LIV Golf are in active discussions about a proposed merger, one year after announcing their intention to join forces. The talks, involving key figures like Rory McIlroy and Tiger Woods, have intensified with frequent meetings. While financial terms are mostly agreed upon, the focus is now on player-related decisions. The merger, if completed, could significantly alter professional golf, despite backlash from players and lawmakers.

politics2 years ago

US Lawmakers and Golf Industry Clash Over Proposed Merger

Senate Banking Chairman Sherrod Brown and Rep. Maxine Waters have asked the Treasury Department to determine whether the merger between the PGA Tour and LIV Golf, backed by Saudi Arabia's sovereign wealth fund, poses national security risks. The merger has drawn criticism from families of the victims of the Sept. 11 terror attacks and high-profile PGA Tour players. The new post-merger golf entity would be owned entirely by Saudi Arabia's wealth fund.