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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....
...The deal shocked the sports world as the two sides had been locked in litigation until calling the truce....
...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....
...The PGA Tour and PIF shocked the sports world last June when they announced that they had put aside a bitter legal battle in order to explore unifying their respective professional golf tours....
...The tour shocked the sports world in June by announcing it had reached a “framework agreement” with PIF and the Europe-based DP World Tour to halt civil litigation between the US circuit and the breakaway...
...It marks the end of an era for the sport, with Hamilton ditching the Mercedes team that brought him six of his seven world driver’s championships....
...For some decades, Hawaii has been a favourite playground for Japanese tourists, consistently in the top three most visited overseas destinations and the go-to spot for golf-tours, group getaways, marriage...
...“For over 27 years, we have had the honour to partner with Tiger Woods, one of the greatest athletes the world has ever seen,” Nike said on Monday....
...We are meeting online and the tour is of a virtual campus on a platform called Gather Town — a 2D world for meetings and collaboration, not dissimilar to The Sims, the life-simulation video game....
...“We all realise that the PGA Tour and LIV are still going to be the pinnacle of the golf pyramid, that the Asian Tour and the DP World Tour fit underneath that,” he says, “but we’d still like to see some...
...Saudi-backed LIV Golf’s awkward détente with the PGA Tour just got more awkward....
...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...
...US-headquartered ATP Tour Inc’s revenues have recovered since falling to a low of $93mn in 2020, a season disrupted by the coronavirus pandemic....
...This week Tui, the German tour operator, said it might leave London to concentrate on its main listing in Frankfurt....
...The US Justice Department is stepping up its scrutiny of sports, with antitrust enforcers looking far beyond the tactics used by the PGA Tour to defend its position against Saudi-backed rival LIV Golf....
...It’s little wonder that teams all over the world are investing billions to upgrade their facilities, whether starting from scratch or improving existing structures....
...McIlroy and the PGA leadership had long resisted the Saudi competition, with the Northern Irishman previously saying that the LIV tour had “ripped apart” the world of golf and that he stayed with the PGA...
...WaPo’s figures come from an article Cohan wrote for Inc, an American business magazine....
...The current European tour, known as the DP World Tour, has also signed up to the deal....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...institution of golf,” the tour said last week....
...The PIF has exposed the vulnerability of the non-profit PGA and European tours to the disruptive ambitions of a kingdom aiming to become both a tourist destination and a much bigger player on the world stage...
...The PIF also sought benefits for its governor Yasir al-Rumayyan, including membership at two of the world’s most exclusive golf clubs, the US’s Augusta National and The Royal and Ancient Golf Club of St...
...HMRC has challenged Uber’s use of rules designed to simplify VAT for tour operators, called the Tour Operators Margin Scheme. These rules are also used by minicabs and other ride-hailing apps....
...Now the rupture that threatened the global game appears to have healed after a stunning reversal in which LIV, the PGA Tour and the Europe-based DP World Tour moved to come together under a single umbrella...
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