A bit of background for the uninitiated:Men’s pro golf in North America has been dominated by the PGA Tour for decades.
Last year, the Saudi sovereign wealth fund spent an estimated $2 billion to form a rival league, LIV Golf, to challenge PGA’s dominance.
LIV attracted many of the sport’s top players away from the PGA Tour and Europe’s DP World Tour by offering more prize money.
A long legal battle followed, and LIV golfers were banned from established tours.
It is pronounced like “live.” As in, “Please don’t kill me, I want to live.”Oh, yeah — that brings me to the whole “why you should care” bit, and why many pro golfers and fans are apoplectic over the tie-up.
Persons:
CNN Business ’, LIV Golf, LIV, “ LIV ”, Jamal Khashoggi, sportswashing, Phil Mickelson, Greg Norman, soccer’s Cristiano Ronaldo —, Chris Isidore, Bloomberg, it’s, ”, Peter Coy, “, you’ll
Organizations:
CNN Business, New York CNN, PGA Tour, PGA, Bloomberg, US Justice Department, Tour, US Federal Trade Commission, New York Times
Locations:
New York, North America, Saudi, Saudi Arabia