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☆ PGA Tour says LIV merger attracts unsolicited investor interest
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of PGA Tour during the Canadian Open’s Championship Pro-Am after news was released of a new partnership between the PGA Tour and Saudi-backed LIV Golf circuit, at Oakdale Golf and Country Club in Toronto, Ontario, Canada June 7, 2023. REUTERS/Nick Lachance/File Photo Acquire Licensing RightsSept 27 (Reuters) - PGA Tour said its planned merger with Saudi-backed LIV Golf and DP World Tour has garnered unsolicited interest from investors as it continues to finalise an agreement with the Public Investment Fund and the DP World Tour. The PGA said that while it did not solicit additional investment interest, it has a responsibility to members, sponsors and fans to thoroughly evaluate all potential options. Any investments that come from the talks will be made into PGA Tour Enterprises, a subsidiary of the PGA Tour, which it would permanently control. PGA said additional investor interest is not about politics, but because the PGA Tour has, for the first time, created an investment vehicle in PGA TOUR Enterprises and its business is strong.

Persons: LIV, Nick Lachance, LIV Golf, Juby Babu, Chris Reese Organizations: Tour, Canadian, PGA Tour, Oakdale, Country Club, REUTERS, Saudi, Public Investment Fund, PGA, PGA Tour Enterprises, Bloomberg, Enterprises, Saudi Arabia's Public Investment Fund, Thomson Locations: Saudi, Toronto , Ontario, Canada, U.S, Washington, Bengaluru

☆ US Senate issues subpoena to PIF subsidiary regarding PGA Tour deal
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of PGA Tour during the Canadian Open’s Championship Pro-Am after news was released of a new partnership between the PGA Tour and Saudi-backed LIV Golf circuit, at Oakdale Golf and Country Club in Toronto, Ontario, Canada June 7, 2023. REUTERS/Nick Lachance/File photo Acquire Licensing RightsSept 13 (Reuters) - The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday. The subpoena calls for the release of documents related to PIF's framework agreement with the PGA Tour and other investments throughout the United States, the U.S. Senate said in a news release. The announcement came ahead of Wednesday's hearing by the U.S. Senate Permanent Subcommittee on Investigations (PSI), which is expected to focus on PIF's investments and efforts to gain influence in the United States. "The Saudi's Public Investment Fund cannot have it both ways - if it wants to engage with the United States commercially, it must be subject to United States law and oversight," Senator Richard Blumenthal, chair of the PSI, said.

Persons: LIV, Nick Lachance, Richard Blumenthal, Blumenthal, Greg Norman, LIV Golf, Yasir al, Jamal Khashoggi, Frank Pingue, David Holmes Organizations: Tour, Canadian, PGA Tour, Oakdale, Country Club, REUTERS, U.S . Senate, Saudi Arabian Public Investment, PGA, Investigations, Public Investment, United, Senate, Saudi, LIV Golf, Washington Post, Thomson Locations: Saudi, Toronto , Ontario, Canada, United States, Washington, Saudi Arabia, Toronto

☆ US Senate panel invites PGA Tour commissioner, LIV CEO to testify on merger
▼ + stars: | 2023-06-21 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Nick Lachance/File PhotoWASHINGTON, June 21 (Reuters) - A U.S. Senate panel on Wednesday invited PGA Tour Commissioner Jay Monahan, Saudi Arabia's Public Investment Fund Governor Yasir al-Rumayyan and LIV Golf CEO Greg Norman to testify at a July 11 hearing. The Justice department has been investigating the PGA Tour for trying to keep its players from defecting to LIV. The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit, which had been involved in a bitter fight that split the sport, announced an agreement to merge and form one unified commercial entity. The LIV Golf series is bankrolled by the Saudi Arabia Public Investment Fund (PIV). The PGA Tour and LIV did not immediately respond to requests for comment on Wednesday.

Persons: LIV, Nick Lachance, Jay Monahan, Yasir al, Greg Norman, Richard Blumenthal, Ron Johnson, Blumenthal, Elizabeth Warren, Ron Wyden, LIV Golf, Critics, Jamal Khashoggi, David Shepardson, Mark Porter, Bill Berkrot Organizations: Canadian, PGA Tour, Oakdale, Country Club, REUTERS, WASHINGTON, U.S, Senate, Wednesday, Saudi, Public Investment, Investigations, PGA, Saudi Public Investment Fund, Justice Department, Saudi Arabia Public Investment Fund, Washington Post, Thomson Locations: Saudi, Toronto , Ontario, Canada, Saudi Arabian

☆ Adam Hadwin mistakenly leveled by security when celebrating Nick Taylor's fairytale Canadian Open win
▼ + stars: | 2023-06-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

Hadwin was quickly helped back to his feet, with footage showing him stood arm in arm with the security guard shortly after. A security guard stops Hadwin as Taylor celebrates. It put him level at the top of the leaderboard with England’s Tommy Fleetwood, in pursuit of a first PGA Tour title. That sent the pair into the first PGA Tour playoffs of their careers, and after three holes, they still could not be separated. A remarkable uphill putt saw Taylor eagle for the win to become the first Canadian since Pat Fletcher in 1954, and the sixth in history, to win his country’s National Open.

Persons: Nick Taylor’s, caddie Dave Markle, Adam Hadwin, Hadwin, Taylor, Markle, Nathan Denette, ”, ” Taylor, “, –, Jessica, “ I’m, revelled, Justin Thomas, Tyrrell Hatton, Tommy Fleetwood, Pat Fletcher, Mike Weir, Corey Conners, I’ve Organizations: CNN, Canadian, Oakdale, Twitter, ” CNN, PGA, –, Fleetwood, Minas Panagiotakis, Getty Locations: Canadian, Winnipeg

☆ Taylor and Conners to try and make it Canada Day at national championship
▼ + stars: | 2023-06-11 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

[1/2] Jun 10, 2023; Toronto, ON, CAN; Nick Taylor hits his tee shot at the 17th hole during the third round of the RBC Canadian Open golf tournament. Mandatory Credit: Dan Hamilton-USA TODAY SportsTORONTO, June 10 (Reuters) - Perhaps no sporting event in Canada goes out of its way to tug at the heritage heartstrings more than the Canadian Open. But entering Sunday's final round there is plenty of Canadian content on the leaderboard with Nick Taylor and Corey Conners in position to make history. Six will start Sunday's final round two off the pace including Taylor, who rocketed into contention with a course record nine-under 63. "I would love to win the Canadian Open for the third time.

Persons: Nick Taylor, Dan Hamilton, Caesar, Bloody Mary, Pat Fletcher, Corey Conners, Taiwan's, Pan, Rory McIlroy, Taylor, Northern Ireland's McIlroy, LIV, McIlroy, I've, Steve Keating, Andrea Ricci Organizations: RBC Canadian, Sports TORONTO, Canadian, Oakdale Country, PGA, Thomson Locations: Toronto, Canada, Muskoka, Australia, Zimbabwe, Canadian, Saudi

☆ McIlroy welcomes return to action but LIV still very much in mind
▼ + stars: | 2023-06-08 | by ( Frank Pingue | ) www.reuters.com time to read: +2 min

[1/3] Jun 7, 2023; Toronto, ON, CAN; Rory McIlroy speaks with the media during press conferences for the RBC Canadian Open golf tournament. Let's just focus on our golf and we'll say what we want to say when we get inside.'" McIlroy has been the PGA Tour's most outspoken golfer against LIV Golf and the last two days, which included his much-anticipated press conference on Wednesday, took a toll. While it may not have been his best performance, McIlroy was just happy to be back on the course. "So it was nice to play a round of golf and focus on something else for those five hours we were out there," said McIlroy.

Persons: Rory McIlroy, Dan Hamilton, Justin Rose, McIlroy, Rose, LIV, Rosie, LIV Golf, he's, Steve Stricker, Frank Pingue, Ed Osmond Organizations: RBC Canadian, Sports TORONTO, Canadian, Oakdale Country Club, PGA Tour, Saudi Arabia's Public Investment Fund, Saudi, John Deere, Thomson Locations: Toronto, Canada

☆ Bicyclists are getting killed on American streets, and they want Congress to fix it
▼ + stars: | 2023-04-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

They're asking for e-bike tax credits and road safety funding, among other things. He's brought that message to Minnesota and federal lawmakers as part of his pro-bicycle advocacy for the last 20 years. This week, bike advocates from all 50 states descended on DC as part of the League of American Bicyclists' National Bike Summit. My kids tease me — please teach me how to ride a bike,'" Grilley said. Lindsey Nicholson/Getty ImagesElectrifying bike transportAdvocates for e-bike tax credits say they reduce the number of car trips people take, cutting emissions and congestion, and boosting public health.

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