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...The commercial entity and its billionaire backers are distinct from PGA Tour Inc, the tax exempt organisation that administers golf events....
A truce between the PGA and the Saudi sovereign wealth fund looks far from secure.
...LIV Golf, which has just launched its third season, has poached a handful of star players from the PGA Tour....
...Big sticking points in the negotiations include how to compensate PGA Tour players who stayed loyal and turned down bumper pay deals from LIV, and reluctance among PGA Tour players to participate in LIV-style...
...Herb Allen, the president of Allen & Co, the PGA Tour’s adviser, is set to tee off on Pebble Beach on Thursday morning....
...Among the complexities to be hammered out is the future of PGA Tour players who defected to LIV Golf and what their path back to the PGA Tour may be....
...Allen & Co, the PGA Tour’s investment banker, formally opened the bid process starting last Friday....
...Klein acted as an adviser on the agreement between the PIF and the PGA Tour, which is designed to reunify golf and end a bitter legal dispute over the launch of LIV Golf....
...It is now projected to rise to $500k for the Indian Grand Slam in November, $750k for Germany in 2025, and then to $1mn for when the tour becomes global....
...The game was plunged into a costly legal battle as LIV lured star golfers from the PGA Tour, until an unexpected truce last year....
...Do read on — Josh Noble, sports editor The PGA Tour beefs up its defences with US cash For more than two years, the PGA Tour has been hounded by a rebel golf league flush with Saudi cash....
...from the dominance of the PGA Tour and its European counterpart....
...He joined the PGA Tour policy board in August amid the game’s ongoing negotiations with Saudi Arabia’s Public Investment Fund....
...Saudi-backed LIV Golf’s awkward détente with the PGA Tour just got more awkward....
...Shipnuck completed LIV and Let Die in the spring, seemingly with the PGA Tour winning the fight against the upstart....
...Talks between the PGA Tour and Saudi Arabia’s Public Investment Fund are set to drag on well into next year, with a deal to unite golf still facing a number of big hurdles....
...PGA Tour commissioner Jay Monahan is to take a leave of absence following an undisclosed “medical situation”, a week after he announced a controversial joint venture with Saudi Arabia’s Public Investment...
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...“I still hate LIV,” said McIlroy, ranked third on the overall PGA men’s tour standings, ahead of a tournament in Canada on Wednesday....
...Klein, a longtime PIF adviser who helped broker an agreement last year between the fund and the US PGA Golf Tour, said the Saudi court orders “expose me and my employees to not just civil liability, but...
...The US government has launched a federal antitrust probe into the PGA Tour, while the PGA Tour and LIV are suing each other in a federal court in California....
...Meanwhile, professional golf has been roiled by the proposed merger of the US-based PGA Tour and the Saudi Arabia-backed LIV Golf breakaway tour....
...Read more on the agreement between the PGA Tour and LIV Golf here...
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