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☆ PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance
▼ + stars: | 2024-01-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced on Wednesday. Under the terms of the deal, the investor, Strategic Sports Group, will become a minority owner in PGA Tour enterprises, the for-profit entity of the PGA Tour. "Today marks an important moment for the PGA Tour and fans of golf across the world," PGA Tour Commissioner Jay Monahan said. "By making PGA Tour members owners of their league, we strengthen the collectives investment of our players in the success of the PGA Tour," Monahan said.

Persons: LIV, PIF, Jay Monahan, " Monahan, Fenway Sports Group's John Henry, Arthur Blank, Steve Cohen, Tom Ricketts, Wyc Grousbeck, John Henry, Monahan, Henry, Yasir Al, Rumayyan, Critics, Prince Muhammad bin Salman, LIV Golf, Phil Mickelson, Dustin Johnson, Brook Koepka, John Rahm Organizations: PGA Tour, Strategic Sports Group, Saudi, PGA, Fenway Sports, Atlanta Falcons, Arthur Blank , New York Mets, Chicago Cubs, Boston Celtics, Fenway Sports Group, Saudi Public Investment Fund, Saudi Public Investment, CNBC, Justice Department Locations: Cromwell , Connecticut, U.S, Arthur Blank ,, Saudi Arabia, Saudi

☆ PGA Tour and LIV Golf are working to extend merger deadline into 2024
▼ + stars: | 2024-01-01 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

PGA Tour and LIV Golf are working to extend their proposed merger deadline, which was originally set at Dec. 31, Commissioner Jay Monahan told players in a memo on Sunday. The delay is the latest update in a long and tumultuous saga between the PGA Tour and Saudi Public Investment Fund-backed LIV Golf that has divided players and could dramatically change professional golf if the merger is completed. PGA Tour and LIV are expected to make a formal decision on the combination ahead of the Masters tournament in April, according to The Telegraph, which first reported the extension. Under the structure of the agreement, PGA Tour would hold a permanent controlling interest in the new entity's board of directors. The agreement also includes the DP World Tour, also known as the PGA European Tour.

Persons: LIV Golf, Jay Monahan, LIV, Monahan Organizations: THE, Sawgrass, CNBC, PGA Tour, Saudi Public Investment Fund, Strategic Sports Group, Saudi, Public Investment Fund, PGA Tour Enterprises, U.S, Fenway Sports Group, The, PGA European, U.S . Federal Trade Commission, Justice Department Locations: Ponte Vedra Beach , Florida

This year’s DealBook Summit will include conversations with global leaders and powerful figures from Wall Street, Silicon Valley and Hollywood. Jamie Dimon has been the chief executive of JPMorgan Chase since 2006 and its chairman since 2007, making him one of Wall Street’s longest-serving banking leaders. Bob Iger returned as Disney’s chief executive last year, after stepping down from the role in 2020. David Zaslav orchestrated Discovery’s takeover of WarnerMedia and became the chief executive of the new company, Warner Bros. The transaction helped transform his modest cable television company into an empire that includes the Warner Bros. movie and TV studios, HBO and CNN.

Persons: Andrew Ross Sorkin, Kamala Harris, Ms, Harris, Biden’s, Tsai Ing, Tsai, Elon Musk, Musk, Jamie Dimon, Jensen Huang, chipmaker, Bob Iger, Long, Iger, Lina Khan, Khan, ”, David Zaslav, Jay Monahan, LIV Golf, Monahan, Kevin McCarthy, Mr, McCarthy, Shonda Rhimes, Rhimes Organizations: Wall, Israel, Elon, SpaceX, JPMorgan Chase, First, Nvidia, Fox, Marvel, Pixar, Hollywood, ESPN, Federal Trade Commission, Columbia Law, WarnerMedia, Warner Bros, HBO, CNN, Republican, Republican Party, Shondaland, Netflix Locations: Silicon Valley, Hollywood, United States, California, San Francisco, Gaza, Taiwan, China, First Republic, Saudi

☆ At the Capitol, Even the Attending Physician Can’t Escape Politics
▼ + stars: | 2023-09-15 | by ( Kayla Guo | More About Kayla Guo | ) www.nytimes.com time to read: +1 min

When Senator Mitch McConnell of Kentucky, 81, wanted to quiet concerns about his health after two alarming on-camera episodes in which he appeared unable to speak or move, he turned to Dr. Brian P. Monahan. Dr. Monahan, the low-profile and mild-mannered Navy doctor who has served for nearly 15 years as the on-site physician in the Capitol, quickly provided a clean bill of health for the longtime Republican leader. The brief and carefully worded statement matter-of-factly shot down several of the leading medical theories for what might be wrong with Mr. McConnell, including a seizure disorder, stroke and Parkinson’s disease. The note drew criticism from some physicians and medical experts — including at least one who as a senator is among Dr. Monahan’s patients — and shone a spotlight on the unique and politically tricky job of the attending physician of Congress. Dr. Monahan, whose job entails serving 535 members of Congress, the justices of the Supreme Court, staff aides and even tourists at the Capitol, has long sought to stay out of politics.

Persons: Mitch McConnell of, Brian P, Monahan, Dr . Monahan, McConnell, . Monahan Organizations: Capitol, Republican Locations: Mitch McConnell of Kentucky

Senate Minority Leader Mitch McConnell shrugged off questions about his health on Wednesday after speculation and concern have run rampant since he appeared to freeze up at an event last week. “I think Dr. Monahan covered the subject fully,” McConnell said, noting that he plans to finish his term in the Senate, which ends in 2027, and as leader. Monahan, in a letter released Tuesday, said he found “no evidence” that McConnell experienced a stroke or seizure or has a movement disorder like Parkinson’s disease. Political Cartoons View All 1146 ImagesThe comments came after McConnell addressed his health at the Senate GOP caucus meeting on Wednesday. But others have cast doubt on the physician’s conclusions, including McConnell’s Kentucky counterpart, Sen. Rand Paul, an ophthalmologist.

Persons: Mitch McConnell shrugged, McConnell, Brian Monahan, “, Monahan, ” McConnell, Sen, Lindsey Graham of, Shelley Moore Capito, West Virginia, Mitt Romney, he’s “, Rand Paul Organizations: Capitol, GOP, Wednesday, Senate Republicans, Kentucky Locations: Lindsey Graham of South Carolina, West, Utah

☆ McConnell, Dismissing Health Questions, Insists He Will Continue as Leader
▼ + stars: | 2023-09-06 | by ( Annie Karni | More About Annie Karni | ) www.nytimes.com time to read: +1 min

Monahan covered the subject fully,” Mr. McConnell said Wednesday, referring to a letter his office released from Dr. Brian P. Monahan, the attending physician of Congress. They cast doubt on Dr. Monahan’s assessment that the incidents were merely part of a normal recovery from a concussion Mr. McConnell had sustained in March after falling at a Washington hotel. But on Wednesday, after three consecutive questions about his health, Mr. McConnell abruptly ended the news conference. Famously tight-lipped and difficult to read even in his prime, Mr. McConnell offered his colleagues little more detail in the semi-privacy of the weekly Senate Republican lunch, the first time G.O.P. Mr. McConnell told them that he had only frozen up twice, and simply had the misfortune of doing it both times on camera.

Persons: Dr, Monahan, Mr, McConnell, Brian P, Dr . Monahan, John Kennedy Organizations: Washington, Republican, Mr Locations: Washington, Louisiana

☆ The Capitol physician said Mitch McConnell's health scares may have been a result of dehydration. Sen. Rand Paul doesn't believe it.
▼ + stars: | 2023-09-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Senate Minority Leader Mitch McConnell had two recent health scares while at press conferences. The Capitol physician said McConnell may have just been dehydrated and didn't have a stroke. GOP Sen. Rand Paul, also a licensed physician, said he doesn't believe the physician's diagnosis. But on Tuesday afternoon, Paul, a licensed ophthalmologist, who graduated from Duke Medical School in 1988, told reporters he disagreed with the Capitol physician's findings. AdvertisementAdvertisement"To have the Senate doctor describe it as dehydration," Paul said, "I think even non-physicians seeing that probably aren't really accepting that explanation."

Persons: Mitch McConnell, McConnell, GOP Sen, Rand Paul, doesn't, Republican Sen, Mitch McConnell's, Brian P, Monahan, Paul, it's, Sen, Rick Scott Organizations: Capitol, GOP, Service, Republican, Duke Medical School, Politico Locations: Wall, Silicon, Kentucky

☆ Capitol physician says there's no evidence McConnell has had a stroke or a 'seizure disorder' after freezing episodes
▼ + stars: | 2023-09-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

The Capitol physician says there is no evidence Mitch McConnell has had a stroke. Congress' doctor also wrote there's no evidence McConnell has a "seizure disorder" or something like "Parkinson's disease." While not specifically mentioned, there have been a number of theories about McConnell freezing up during recent news conferences. "There is no evidence that you have a seizure disorder or that you experienced a stroke, TIA or movement disorder such as Parkinson's disease," Monahan wrote. Before he froze up during his most recent episode, McConnell was asked about his plans for the future.

Persons: Mitch McConnell, McConnell, Brian P, Monahan, Sen, Rick Scott of Florida Organizations: Capitol, Service, Republican, Republicans, Kentucky Republican, Senate GOP Locations: Wall, Silicon, Kentucky

☆ McConnell Releases New Health Assurances From the Capitol’s Physician
▼ + stars: | 2023-09-05 | by ( Carl Hulse | More About Carl Hulse | ) www.nytimes.com time to read: +1 min

Dr. Monahan cited a similar reason when he issued a letter after Mr. McConnell’s incident last week before having examined him or conducted any tests. So far, no senator has publicly called for any discussion of Mr. McConnell’s health, and most Republicans who have spoken have been supportive of him. “Mitch is sharp, and he is shrewd,” Senator Mike Rounds, Republican of South Dakota, said Sunday on CNN. I will leave it up to him as to how he wants to discuss that with the American public. But there’s no doubt in my mind that he is perfectly capable of continuing on at this stage of the game.”

Persons: ” Mr, McConnell, Dr, Monahan, McConnell’s, “ Mitch, Mike Rounds, “, ” Organizations: Senate, Republicans, Capitol, Republican, CNN Locations: Washington, South Dakota

WASHINGTON (AP) — Senate Republican Leader Mitch McConnell’s health episodes show “no evidence” of being a stroke or seizure disorder, the Capitol physician said in a letter on Tuesday, offering little further explanation for the apparent freeze-ups that have drawn concerns about the 81-year-old's situation. But the episodes have fueled quiet concern among Republican senators and intense speculation in Washington about McConnell’s ability to remain as leader. Nevertheless, many Republican allies have flocked to McConnell’s side, ensuring the famously guarded leader a well of support. McConnell’s health has visibly declined since the concussion in March, after which he took some weeks to recover. Before freezing up last week, McConnell had just given a 20-minute speech with no issues.

Persons: Mitch McConnell’s, Brian P, Monahan, ” Monahan, McConnell, Jill Biden, Joe Biden, Biden, Kevin McCarthy, Volodymyr Zelenskyy Organizations: WASHINGTON, —, Republican, Capitol, GOP, Rivals, Republicans, White House, White Locations: Kentucky, Washington, Ukraine, Russia, U.S

☆ Kentucky Gov. Andy Beshear won't say if he'd follow the state's new Senate vacancy law and appoint another Republican if McConnell steps down
▼ + stars: | 2023-09-02 | by ( Katie Balevic | John L. Dorman | ) www.businessinsider.com time to read: +5 min

A 2021 law would require Beshear to appoint a Republican to the Senate should McConnell step down. Beshear attempted to veto that law at the time and could defy it if McConnell ever vacated his seat. AdvertisementAdvertisement"If Mitch does leave office, I think (Beshear) will appoint who he wants to appoint and let them challenge it in court. Some Kentucky Republicans, however, have said McConnell should have stepped down last year. Scott Jennings, a McConnell advisor, told The Post that the senator seemed fine during a Wednesday evening GOP fundraiser.

Persons: Andy Beshear, Mitch McConnell's, Beshear, McConnell, Mitch McConnell, Beshear —, — wouldn't, I'm, Brian P, Monahan, McConnell vacates, Michael Abate, Abate, he's, Jared Smith, Beshear's, Mitch, That's, Smith, Bob Barney, didn't, Scott Jennings, Jennings Organizations: Republican, Service, GOP, Democrat, Washington Post, Capitol, Kentucky Republicans, Louisville Courier, Republican Party, Courier, Post Locations: Wall, Silicon, Kentucky, Louisville, Frankfort, Jessamine County

☆ Even Tucker Carlson thinks Trump is too old to be president again
▼ + stars: | 2023-09-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Tucker Carlson also thinks Trump and Biden are too old to be president. "I agree 100%," Carlson told Portnoy in the latest episode of Carlson's Twitter show that was posted on Thursday night. Portnoy, who interviewed Trump at the White House during his presidency, said that while he thinks "both Trump and Biden are too old" that Biden is somehow worse. As for Trump, Portnoy argued that the former president should have participated in the first GOP presidential debate. Representatives for Biden, Trump, and McConnell did not immediately respond to Insider's request for comment.

Persons: Tucker Carlson, Trump, Biden, Carlson, Dave Portnoy's, Portnoy, Joe Biden, Donald Trump, Mitch McConnell, McConnell, Brian P, Monahan, Sen, Dianne Feinstein, Gray, it's Trump Organizations: Barstool Sports, Service, Fox News, White, Trump, Capitol, Republican, California Democrat, Fox, Biden Locations: Wall, Silicon, California

☆ McConnell suffering 'occasional lightheadedness' but is clear to keep working after freezing up in press conference, his doctor says
▼ + stars: | 2023-08-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

watch nowSenate Minority Leader Mitch McConnell is "medically clear" to continue working, the attending physician for the U.S. Congress said one day after the Kentucky Republican froze during a press conference for the second time this summer. The doctor was referencing a concussion that McConnell, 81, had suffered in March after a fall at a political fundraiser. Monahan said he has "consulted with Leader McConnell and conferred with his neurology team," and gave him the all-clear after "evaluating yesterday's incident." That incident came at the start of a Wednesday afternoon press conference in Covington, Kentucky, when McConnell abruptly stopped speaking and stared straight ahead for about 30 seconds. He appeared to fail to respond when an aide approached him to ask if he had heard a reporter's question.

Persons: Mitch McConnell, Dr, Brian Monahan, McConnell, Monahan Organizations: U.S . Congress, Kentucky Republican Locations: Covington , Kentucky

☆ Capitol physician linked Mitch McConnell's two freezing episodes to 'lightheadedness' from a months-old concussion
▼ + stars: | 2023-08-31 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Senate Minority Leader Mitch McConnell froze up in the middle of a press conference on Wednesday. A similar occurrence happened to him just about a month prior, in Washington, DC. The Capitol physician cleared him to work on Thursday, linking the incidents to a prior concussion. About a month prior, McConnell also abruptly stopped speaking in the middle of a press conference in Washington, DC, only to be whisked away by his colleagues shortly after. Advertisement Advertisement Watch: Biden joked he was "sandbagged" after tripping at US Air Force Academy graduationIn addition to his concussion, McConnell also reportedly fractured a rib and fell two other times this year.

Persons: Mitch McConnell, Brian P, Monahan, McConnell, Biden, he's, Joe Biden Organizations: Capitol, Service, US Air Force, Politico, MSNBC Locations: Washington ,, Wall, Silicon, Kentucky

☆ PGA Tour defends LIV Golf deal ahead of Senate hearing
▼ + stars: | 2023-07-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Streeter Lecka | Getty ImagesThe PGA Tour has begun its public defense of its deal with Saudi-backed LIV Golf ahead of a key Senate hearing slated for this week. "Given the well-chronicled legal disputes that have existed between the PGA Tour and PIF, we understand the fair and valid questions raised by PGA Tour members, Tour partners, media, fans and now Congress," Price said in the op-ed. Stephenson stepped down as lawmakers appeared likely to start a broad probe into the merger between the PGA Tour and LIV, beginning with Tuesday's Senate hearing. Defending the dealLast month, the PGA Tour and PIF's LIV Golf, as well as Europe's DP World Tour, agreed to merge. The majority of the board that leads the PGA Tour Enterprises will be appointed by the tour and run by Monahan.

Persons: Streeter Lecka, LIV Golf, Ron Price, Price, Randall Stephenson, Stephenson, LIV, Sen, Richard Blumenthal, Ron Johnson, Jay Monahan, Jimmy Dunne, Monahan, Richard Heathcote, Rory McIlroy — Organizations: THE, Sawgrass, Saudi, Athletic, Monday, PGA, PGA Tour, AT, Senate, Senate Homeland Security, Investigations, Saudi Public Investment Fund, Getty, Saudi Arabia Public Investment, PIF Locations: Ponte Vedra Beach , Florida, Saudi, United States, Monday's

☆ Here's how a merger between PGA Tour and LIV Golf would be structured
▼ + stars: | 2023-06-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

In a five-page agreement obtained by CNBC, the parties — the PGA Tour, the Saudi Arabia Public Investment Fund and Europe's DP World Tour — agreed to create a for-profit subsidiary of the PGA Tour. The new entity will manage commercial assets for all of the tours, while the PGA Tour will manage competitions. The tentative merger agreement was signed by PGA Tour Commissioner Jay Monahan, DP World Tour CEO Keith Pelley and PIF's Yasir al-Rumayyan. The lawsuits came after multiple high-profile players including Phil Mickelson left the PGA Tour for LIV. The PGA Tour has said its executives would testify at the hearing, although it is unclear if Monahan will be present.

Persons: LIV, —, Muhammed bin Salman, Jay Monahan, Keith Pelley, PIF's Yasir al, LIV Golf, Phil Mickelson, " Monahan, Sen, Richard Blumenthal, Ron Johnson, Monahan Organizations: PGA Tour, CNBC, Saudi Arabia Public Investment Fund, Tour, Public Investment Fund, PGA, Senate Homeland Security Locations: Saudi, United States

☆ US Open: How to watch first golf major since shock PGA Tour and LIV Golf partnership
▼ + stars: | 2023-06-15 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

It’s also the first major since the golfing world was rocked by the announcement of a partnership between the PGA Tour, DP World Tour, and LIV Golf earlier this month. 2 Jon Rahm spoke of the “betrayal” felt by PGA Tour players following the “bombshell” announcement, expressing his discomfort at the perceived lack of clarity and unanswered questions surrounding the deal. However, one of the partnership’s primary architects, PGA Tour commissioner Jay Monahan, was not on site to respond as he recuperates from a medical situation. Monahan has been relieved of day-to-day duties while he recovers, the PGA Tour announced Tuesday. After a second PGA Tour victory at the RBC Heritage in April earlier this year, the world No.

Persons: CNN —, It’s, LIV, Jon Rahm, ”, Jay Monahan, Monahan, Matt Fitzpatrick, Brooks Koepka, Scottie Scheffler, Will Zalatoris, Koepka, Rahm, Rory McIlroy, Tiger Woods, Matt York, Fitzpatrick, Warren Little, ” Fitzpatrick, I’ve, Norway’s Viktor Hovland, Wanamaker, “ There’s, Harry, Jack Nicklaus, Walter Hagen, “ Organizations: CNN, 123rd, Los Angeles Country Club, PGA, USA Network, NBC, Sky Sports, Sheffield, RBC Heritage, Getty, North, Championship Locations: California, Massachusetts, New York, Brookline, Los Angeles, North America

☆ Pros Won’t Be Hitting Golf Balls This Far Forever, Whether They Like It or Not
▼ + stars: | 2023-06-14 | by ( Alan Blinder | Kevin Draper | ) www.nytimes.com time to read: +2 min

is also concerned about the millions of golfers who are not professionals and neither he nor Perpall indicated plans for a wholesale surrender. The announcement that Monahan had stepped back followed seven days of turmoil in professional golf. Monahan, who helped to negotiate the deal, was criticized as a cash-hungry hypocrite, but he has retained at least some crucial allies inside the tour. “Jay is a human being,” Webb Simpson, the 2012 U.S. Open winner and a member of the tour’s board, said in an interview on Wednesday. “Golf is a game, and oftentimes, we make golf into something so much bigger than it is and we dehumanize people.” Perhaps, he said, Tuesday’s announcement would give “people a little perspective.”

Persons: Mike Whan, ’, Perpall, ” Whan, “, Jay Monahan, Ron Price, Tyler Dennis, Monahan, “ Jay, ” Webb Simpson, ” Organizations: PGA Tour, U.S, LIV Golf Locations: Saudi

☆ From ‘Pariah’ to Partner, Saudi Leader Defies Threats to Isolate Him
▼ + stars: | 2023-06-10 | by ( Ben Hubbard | ) www.nytimes.com time to read: +1 min

President Biden vowed during his quest for the White House to make the Saudi crown prince, Mohammed bin Salman, a “pariah” over the killing and dismemberment of a dissident. He threatened the prince again last fall with “consequences” for defying American wishes on oil policy. Mr. Biden, visiting Saudi Arabia last year, fist bumped Prince Mohammed when they met and regularly dispatches officials to see him — including his secretary of state, Antony J. Blinken, this past week. Senator Graham grinned next to the prince — known by his initials M.B.S. — during a visit to Saudi Arabia in April.

Persons: Biden, Mohammed bin Salman, Lindsey Graham, Prince Mohammed, “, Jay Monahan, —, Antony J, Graham grinned, Monahan, LIV, ”, Abdullah Alaoudh Organizations: White, Republican, PGA Tour, PGA, LIV Golf, Freedom Initiative Locations: Saudi, Saudi Arabia, Washington

☆ Golf’s new Saudi deal presents questionable political, business and sporting realities
▼ + stars: | 2023-06-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And the deal is also undeniably a great piece of business, assuming PGA Tour players accept it. And all pending litigation between LIV Golf and the PGA Tour was also mutually ended under the new agreement. He “co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sports washing of Saudi Arabia’s reputation,” the group said in a statement. Unresolved sporting conundrumsThere are as many sporting questions about the PGA Tour/LIV Golf partnership that remain unanswered. Then there is the question of how current PGA Tour members will respond.

Persons: LIV Golf, Arnold Palmer, Jamal Khashoggi, Prince Mohammed bin Salman, –, LIV –, Jay Monahan, Monahan, ”, “, Saudi LIV, ” Monahan, Dustin Johnson, Phil Mickelson, Patrick Reed, Cam Smith, Donald Trump, LIV, Trump, Khashoggi, ” Trump, Joe Biden, Antony Blinken, Tuesday’s LIV, Qataris, Cristiano Ronaldo, Karim Benzema, ” Yasir Al, Rumayyan, of Famer Greg Norman, Collin Morikawa, Mickelson, Alan Shipnuck, Shipnuck Organizations: CNN, PGA, Saudi, Post, Premier League, Global, Families United, Saudi shills, Crown, Formula One, NBA, Tour, Qatar, Soccer, Manchester City, United, Newcastle, Indian Premier League, Al, Real, Saudi Public Investment, “, Saudi Public Investment Fund, CNBC, of Famer, Open, Twitter Locations: Washington, Saudi, Qaeda, Riyadh, China, Western Europe, East, India, United Arab Emirates, Saudi Arabia, Ittihad, Real Madrid, French

☆ Saudi Arabia Relishes a Triumph That Transcends Sports
▼ + stars: | 2023-06-07 | by ( Vivian Nereim | Ahmed Al Omran | ) www.nytimes.com time to read: +1 min

When a Saudi-backed upstart golf league began recruiting high-profile players from the top U.S. circuit, the American tour’s commissioner lamented a “foreign monarchy that is spending billions of dollars in an attempt to buy the game of golf.”The commissioner, Jay Monahan, who heads the PGA Tour, sniped at players who left for the new league, LIV Golf, hinting at the stain that the Saudi government’s human rights violations would leave on them. But on Tuesday, Mr. Monahan sat smiling with the head of the Saudi sovereign wealth fund to announce that the PGA Tour and LIV Golf were forming what promises to be a lucrative partnership. “I recognize that people are going to call me a hypocrite,” Mr. Monahan said later. “But circumstances do change.”The deal, if it goes forward, represents an enormous victory for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, in a bid to become a major player in global sports, giving the kingdom considerable sway over the game of golf. But the significance of the moment transcends sports, as Saudi Arabia under Prince Mohammed seeks greater political influence in the Middle East and beyond.

Persons: Jay Monahan, sniped, LIV Golf, Monahan, LIV, “, Mr, Prince Mohammed bin Salman, Prince Mohammed Organizations: PGA Locations: Saudi, Saudi Arabia

☆ PGA Tour merger with LIV Golf triggers confusion about sponsorships, antitrust
▼ + stars: | 2023-06-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

watch nowThe proposed merger between the PGA Tour and its Saudi-funded rival LIV Golf stunned everyone from golfers to Wall Street bankers this week – leaving many with questions about what the merger could mean. While the two organizations were feuding, golfers were divided between the PGA Tour and LIV. Aside from the lawsuits, LIV Golf has been surrounded by controversy and criticism since its launch in 2022. LIV Golf sued the tour, also citing anti-competitive practices for banning its players. The PGA Tour countersued.

Persons: LIV Golf, LIV, Jefferies, Jay Monahan, CNBC's, Henry Hauser, Perkins, Monahan, Phil Mickelson, Bryson DeChambeau, Yasir Al, Rumayyan, Hauser, it's, Timothy Derdenger, Derdenger Organizations: PGA Tour, Wall, FTC, PGA, Saudi Arabia Public Investment Fund, Antitrust, Public Investment, Federal Trade Commission, Justice Department, American Airlines, JetBlue Airways, Carnegie Mellon University's Tepper School of Business, U.S . Locations: Saudi

PinnedThe PGA Tour and LIV Golf, the insurgent league bankrolled by billions of dollars from Saudi Arabia’s sovereign wealth fund, said on Tuesday that they had agreed to a merger, ending a bitter and costly fight for supremacy of men’s professional golf that had divided top players, everyday fans and corporate sponsors. Now, by merging with the PGA Tour, it has gained a foothold that guarantees it outsize influence in the game’s future. The PIF also will have right of first refusal on new investments in the merged tour, according to the statement announcing the merger. “Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA Tour, LIV Golf and DP World Tour.” The PGA Tour will appoint a majority of the board, the statement said, and hold a majority voting interest in the combined entity. In a memorandum to PGA Tour players on Tuesday, Monahan said the wealth fund would have a minority position in the new for-profit company that will control men’s golf.

Persons: LIV Golf, bankrolling LIV, “, PIF, LIV, Jay Monahan, we’ve, LIV . Monahan, Yasir al, Monahan, Brooks Koepka, Dustin Johnson, Phil Mickelson, LIV signees, Graeme McDowell, “ It’s, ” Organizations: PGA, Premier League soccer, Public Investment Fund, PGA Tour, ”, Public Investment, U.S Locations: Saudi, Riyadh, Saudi Arabia

☆ PGA and LIV Merger PGA Tour and LIV Golf Agree to Merger
▼ + stars: | 2023-06-06 | by ( Alan Blinder | ) www.nytimes.com time to read: +2 min

PinnedThe PGA Tour and LIV Golf, the insurgent league bankrolled by billions of dollars from Saudi Arabia’s sovereign wealth fund, said Tuesday that they had agreed to a merger, ending a bitter fight for supremacy of men’s professional golf that had divided top players, everyday fans and corporate sponsors. The governor of the Saudi fund will become chairman of the joined organization. Monahan is expected to be the new group’s chief executive, with Yasir al-Rumayyan, the wealth fund’s governor, installed as its chairman. The PGA Tour, long the dominant force in professional golf, retaliated by banning any players who joined the new tour from its events. But by midday Tuesday, golf’s era of high-dollar brinkmanship had ended, with promises of “a fair and objective process for any players” looking to return to good standing with the PGA Tour or its European counterpart.

Persons: LIV Golf, LIV, we’ve, ” Jay Monahan, LIV . Monahan, Yasir al, Brooks Koepka, Dustin Johnson, Phil Mickelson Organizations: PGA, Saudi, Public Investment Fund, PGA Tour, Public Investment Locations: Saudi

☆ Opinion | Guns, Not Race, Are at the Root of the Wave of ‘Trespass’ Shootings
▼ + stars: | 2023-04-25 | by ( John Mcwhorter | ) www.nytimes.com time to read: +1 min

On April 13, Ralph Yarl, 16 years old and Black, rang Andrew Lester’s doorbell in Kansas City, Mo., by mistake, Yarl’s family said. According to prosecutors, Lester, 84 and white, shot Yarl at the door twice. Enlightened American wisdom suggests that race must have had something to do with this. In Hebron, N.Y., a group of young adults driving three vehicles late at night were seeking a friend’s house. But when they mistakenly drove into Kevin Monahan’s driveway, he fired shots into one car, killing a passenger, Kaylin Gillis.

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