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☆ Jimmy Dunne resigns from PGA Tour board
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJimmy Dunne resigns from PGA Tour boardJimmy Dunne resigned from the PGA's Tour policy board on Monday.

Persons: Jimmy Dunne Organizations: PGA Tour

☆ Steve Cohen and other sports investors set to pump billions into the PGA Tour
▼ + stars: | 2024-01-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

A US sports consortium is set to pump billions into the PGA Tour, according to a new report. The PGA Tour didn't immediately respond to a request for comment from Business Insider before publication. The major investment comes amid an ongoing rivalry between the PGA Tour and LIV Golf. Families of the 9/11 terrorist attacks criticized the PGA Tour for the merger, classifying the decision as a demonstration of "hypocrisy and greed." "We cannot compete with a foreign government with unlimited money," Jay Monahan, the commissioner of PGA Tour, told The Wall Street Journal regarding the merger.

Persons: Steve Cohen, Cohen, Marc Lasry, LIV Golf, LIV, Phil Mickelson, Jay Monahan Organizations: PGA, Strategic Sports Group, Saudi Public Investment Fund, Bloomberg, Business, New York Mets, Cohen Private Ventures, Milwaukee Bucks, Fenway Sports, PGA Tour Enterprises, LIV Golf, Saudi Arabia's Public Investment Fund, PGA Tour, Wall

Vu came into the tournament a mere three points behind another four-time winner, Celine Boutier, in the race for the points-based LPGA player of the year. Vu is now 27 points ahead going into the season-ending CME Group Tour Championship. All 60 players next week only have to win the CME Group Tour Championship to claim the $2 million prize. Vu is virtually a lock to win other awards as the LPGA's top player. Trying to win a tournament is stressful, but trying to keep your card is very, very stressful.”Patty Tavatanakit had some stress, too.

Persons: — Lilia Vu, Annika, Vu, Emily Kristine Pedersen, Celine Boutier, Boutier, Boutier's, Pedersen, Dane, Madelene Sagstrom, Stephanie Kyriacou, “, ” Kyriacou, Stacy Lewis, Alison Lee, Azahara Munoz, Munoz, “ I’ve, ” Munoz, Patty Tavatanakit, ___ Organizations: Pelican Golf, Globe, Chevron, UCLA, CME Globe Locations: Fla, Florida, Naples, Australia, American, Spain

Trading information and logo for Endeavor Group Holdings, Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 28 (Reuters) - Endeavor Group (EDR.N) and Boston Red Sox owner Fenway Sports Group have expressed interest in investing in the PGA Tour, according to a source familiar with the negotiations. After a very public war of words, PGA, DP World Tour and Saudi-backed LIV Golf circuit in June announced a shocking agreement to merge and form one unified commercial entity. PGA's talks with Endeavor and Fenway are still at an early stage, the source said, requesting anonymity because the matter is confidential. Both Fenway and Endeavor are already major players in the sporting industry.

Persons: Brendan McDermid, LIV, PGA's, Niket, Shilpi Majumdar, Shweta Agarwal Organizations: Endeavor Group Holdings, Inc, New York Stock Exchange, REUTERS, Endeavor, Boston Red Sox, Fenway Sports, PGA, Saudi Arabia's Public Investment Fund, U.S, Senators, Fenway, Bloomberg News, Public Investment Fund, Major League Baseball's Boston Red Sox, Premier League club Liverpool, World Wrestling Entertainment, Thomson Locations: New York City, U.S, Saudi, Bengaluru

☆ Mitch McConnell says Congress can't pass an NIL bill unless universities get their act together
▼ + stars: | 2023-07-13 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mitch McConnell urged a majority of universities to get behind a single name, image, and likeness (NIL) bill. NIL has upended college athletics as states jockey to pass the most expansive law. His observation isn't surprising as some universities, governors, and lawmakers see a benefit in allowing each state to determine its own NIL standards. Having a more expansive state law is now an asset akin to a new practice facility or a massive weight room. Missouri's newly passed NIL law is regarded as one of the most expansive in the country, explicitly allowing coaches and school officials to talk about NIL with potential recruits.

Persons: Mitch McConnell, haven't, McConnell, Hugh Hewitt, I've, Charlie Baker, Republican Sen, Tommy Tuberville, Democratic Sen, Joe Manchin, Nick Saban, Rand Paul, Paul, LIV Golf Organizations: Service, Republican, NCAA, College, Auburn University football, Democratic Locations: Wall, Silicon, Massachusetts, Alabama, Sen, Saudi

☆ The global golf megamerger looks even more confounding after a 3-hour grilling in front of Congress
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Big questions remain, especially as to why the PGA Tour took the Saudi money without looking elsewhere. The PGA Tour's deal with LIV Golf and Saudi Arabia's Public Investment Fund (PIF) is just an agreement to seek an agreement. This all started when LIV Golf, with golf legend Greg Norman at the lead, started offering PGA Tour players vast sums of money to jump to the new Saudi-backed golf league. The PGA Tour, a non-profit, just did not have the resources to compete with the deep pockets of the Saudis. PGA Tour Commissioner Jay Monahan has yet to testify before Congress.

Persons: LIV Golf, Greg Norman, Sergio Garcia, LIV, Chris Trotman, Sen, Richard Blumenthal, Conn, Tom Williams, Jodi Balsam, Balsam, Jay Monahan, Rob Carr, Jimmy Dunne, Eamon Lynch, Golfweek, Lynch, It's Organizations: Service, LIV, Tour, PGA Tour, Saudi Arabia's Public Investment Fund, PGA, Royal Greens, & Country Club, King Abdullah Economic, Inc, Getty, Brooklyn Law School, NBA Locations: Wall, Silicon, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, PIF

☆ PGA official pledges golfers will be able to criticize Saudi Arabia if the tour merges with the Saudi-backed LIV Golf
▼ + stars: | 2023-07-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

A top PGA official said golfers would still be able to criticize Saudi Arabia if the tour merges with LIV Golf. Blumenthal also accused the PGA of selling out to the controversial Saudi league. Blumenthal pointed to the fact that initial agreement between the PGA and LIV Golf has a broad non-disparagement clause. Blumenthal cited this record in calling out the PGA for selling out for the LIV merger. He and PGA Tour member Jimmy Dunne, who helped broker an initial agreement with LIV Golf, also repeatedly stressed that the PGA felt it had little choice but to try to find as peace with LIV.

Persons: LIV Golf, Democratic Sen, Richard Blumenthal, Blumenthal, Ron Price, Price, Sen, LIV, Prince Mohammed bin Salman, Jamal Khashoggi, Khashoggi, Jimmy Dunne, Ron Johnson, Johnson Organizations: Democratic, Saudi, Service, PGA, Connecticut Democrat, Public Investment Fund, FIFA, Amnesty, MBS, Washington, Wilson, Republican Locations: Saudi Arabia, Wall, Silicon, of Saudi Arabia, Saudi, Qatar

☆ The Saudi-back LIV golf league is moving its possible last ever championship to Trump's Doral golf course
▼ + stars: | 2023-07-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

LIV Golf will host its championship tournament at a Trump-owned golf course for its second straight year. The golf league moved the championship from Saudi Arabia where it was initially scheduled. The PGA has said it will merge with the controversial Saudi-backed golf league. The decision means that for the second straight year, LIV's golf championship will be held at Trump's Doral course. Before their merger, LIV and the PGA were in fierce competition to retain some of the sport's most successful golfers.

Persons: LIV, Donald Trump's Trump, Trump, Jamal Khashoggi, Prince Mohammed bin Salman, Randall Stephenson, Rory McIlroy, Dustin Johnson, they're, Johnson Organizations: Trump, Service, Donald Trump's Trump Doral, Golf Club, Doral, Capitol, PGA, Golf, ESPN, Saudi, Washington Post Locations: Saudi Arabia, Saudi, Wall, Silicon, Miami, Jeddah

☆ The tightrope CEOs are walking is getting more precarious
▼ + stars: | 2023-06-15 | by ( Josée Rose | ) www.businessinsider.com time to read: +8 min

Practically, it's about so much more — and CEOs these days are being held accountable for more than profits. There's also the notion of social justice — which often sees CEOs encountering criticism when they speak up on culturally sensitive issues, or facing blowback if they stay silent. Brands like Disney, Target , Bud Lite and North Face face consequences for expressing a view, including boycotts, online protests, and threats of violence. It's OK to avoid constantly getting into the fray; instead, pick moments that enforce the company's values. When CEOs do decide to take a public stance, Eber said that their PR teams are there to help.

Persons: Insider's Hasan Chowdhury, aren't, —, There's, George Floyd, Roe, Wade, Karen Eber, Chowdhury, Eber, Richard Hytner, Bud Lite, Insider's Kelsey Vlamis, Bud, influencer Dylan Mulvaney, Heinerscheid, Bud Light's, we're, LIV Golf, Insider's Joe Ciolli, LIV, Jay Monahan, Monahan, I've Organizations: Service, Pride, Saatchi, Saatchi's, CNN, Street, Brands, Disney, Target, Anheuser, Busch InBev, PGA, LIV, Wall Street, PGA Tour Locations: It's, Europe, Middle East, Africa, Saudi, Saudi Arabia

☆ Senator opens investigation into PGA Tour merger with Saudi-backed LIV Golf
▼ + stars: | 2023-06-12 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut. WASHINGTON — A top Democratic lawmaker launched a probe on Monday into the planned merger of the PGA Tour and Saudi-backed LIV Golf. The agreement will require the approval of the PGA Tour policy board, according to a memo to players from Monahan. LIV Golf declined to comment on Blumenthal's letters. PGA Tour did not immediately respond to request for comment.

Persons: LIV Golf, Sen, Richard Blumenthal, Conn, Jay Monahan, LIV, Greg Norman, Blumenthal, Jamal Khashoggi, Monahan, CNBC's Organizations: WASHINGTON —, Democratic, PGA Tour, Saudi, Washington Post, Investigations, Private Investment Fund Locations: Cromwell , Connecticut, WASHINGTON, Saudi, American

☆ PGA Tour-LIV Golf merger is a major win for the Saudis — and Americans are slamming it
▼ + stars: | 2023-06-07 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

It's lured some of the biggest golf stars away from the PGA Tour with huge paychecks, spurring antitrust lawsuits with the American organization. "This is Saudi Arabia buying the PGA tour," sports talk show host Rich Eisen said in his broadcast after hearing the news. USA Today sports columnist Christine Brennan called the move "a total wimp-out by the PGA Tour. Glyn Kirk | AFP | Getty ImagesSocial media was rife with self-described golf fans vowing to never again watch the PGA Tour. Pro golfer Phil Mickelson, another member of the LIV Tour, tweeted "Awesome day today" in response to the news.

Persons: LIV Golf, that's, —, LIV, Saudi Crown Prince Mohammed bin Salman, It's, Jay Monahan, Rich Eisen, Pat Welter, it's, Christine Brennan, Tiger Woods, Glyn Kirk, Ron Wyden, Chris Murphy, Jamal Khashoggi, Saudi LIV, Monahan, Saudi Arabian Crown Prince Mohammed bin Salman, Jim Watson, Bryson DeChambeau, DeChambeau, Phil Mickelson, Jeffries, Yasir Al, Cristiano Ronaldo, Saudi Arabia's, Al Organizations: PGA Tour, Saudi, LIV Players, PGA, Saudi Arabia's Public Investment Fund, Saudi Crown, CNBC, Twitter, 150th, St, AFP, Getty, LIV, Washington Post, Amnesty, Saudi Arabian Crown, Saudi Embassy, Washington D.C, Saudi Foreign Ministry, CNN, Royal, Anadolu Agency, Getty Images Investment, Rumayyan, Nassr Football Club, Al Nassr Football Locations: Saudi Arabia, North Carolina, Saudi, Scotland, Oregon, Connecticut, American, Washington ,, Washington, videoconference, Riyadh, PIF, Portuguese

☆ Blindsided PGA Tour players want answers over merger with LIV Golf
▼ + stars: | 2023-06-06 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

TORONTO, June 6 (Reuters) - PGA Tour players were blindsided by news of a merger with the rebel Saudi-backed LIV Golf on Tuesday that left them, fans and politicians demanding answers. A bitter feud that had divided the sport for almost two years ended without warning when the PGA Tour, DP World Tour and LIV Golf announced a shock agreement to merge and form one unified commercial entity. "I’m guessing the liv teams were struggling to get sponsors and pga tour couldn’t turn down the money. Rickie Fowler, Will Zalatoris and Hideki Matsuyama were all reported to have been offered over $100 million to jump to LIV Golf until Monahan pleaded with them to stick with the PGA Tour. Golf fans took to social media, many blasting the PGA Tour for its hypocrisy.

Persons: LIV Golf, liv, Jay Monahan, Rickie Fowler, Will Zalatoris, Hideki Matsuyama, Monahan, Adam Hadwin, Charlotte ,, Peter Casey, Phil Mickelson, Dustin Johnson, Brooks Koepka, LIV, Chris Murphy, Saudi LIV, Terry Strada, Steve Keating, Toby Davis Organizations: TORONTO, PGA, Twitter, Win, PGA Tour, USA, of Fame, Saudi Arabia Public Investment Fund, Democratic, Golf, Tour, United, LIV, Saudi shills, Thomson Locations: Saudi, Canada, Charlotte, Charlotte , North Carolina, USA, American, Connecticut, United States, Saudi Arabia, U.S, Toronto

The PGA Tour, DP World Tour and one-time bitter rivals LIV Golf circuit announced a landmark agreement on Tuesday to merge. But Trump, who owns three courses on LIV Golf's 14-event schedule for 2023, celebrated the deal in a Truth Social post. "Great news from Liv Golf. The PGA Tour had responded by dramatically raising prize money for some events. The deal could also be seen as good for consumers, according to Steve Ross, a sport antitrust expert at Pennsylvania State University's law school.

Persons: Donald Trump, Yasir Al, LIV, Read, Jamal Khashoggi, Rumayyan, Richard Blumenthal, Chris Murphy, Trump, LIV Golf's, Liv Golf, PGA's, Seth Bloom, hasn't, Steve Ross, Nevena Simidjiyska, Diane Bartz, Echo Wang, Steve Keating, Tyler Clifford, Rosalba O'Brien Organizations: Trump National Golf Club, PGA Golf, Saudi Arabia Public Investment Fund, Liv, Department of Justice, Bloom, Pennsylvania State, Reuters, of Foreign Investment, Treasury, Fox Rothschild LLP, Thomson Locations: Washington, DC, USA, Sterling , Va, WASHINGTON, Saudi, Kingdom, American, United States, U.S

☆ Watch CNBC's full interview with Marc Ganis, Sam Bozoian and Jimmy Roberts
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Marc Ganis, Sam Bozoian and Jimmy RobertsJimmy Roberts, NBC Sports & Golf Channel broadcaster, Sam Bozoian, Barstool podcast host, and Marc Ganis, Sportscorp founder and CEO, join 'Last Call' to discuss the PGA's surprising move to partner with Saudi-backed LIV Golf.

Persons: Marc Ganis, Sam Bozoian, Jimmy Roberts Jimmy Roberts, LIV Golf Organizations: NBC Sports, Golf Channel Locations: Saudi

☆ 'Yasir Al-Rumayyan is going to be the most powerful person' in golf, says Barstool's Sam Bozoian
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Yasir Al-Rumayyan is going to be the most powerful person' in golf, says Barstool's Sam BozoianJimmy Roberts, NBC Sports & Golf Channel broadcaster, Sam Bozoian, Barstool podcast host, and Marc Ganis, Sportscorp founder and CEO, join 'Last Call' to discuss the PGA's surprising move to partner with Saudi-backed LIV Golf.

Persons: Yasir Al, Sam Bozoian Jimmy Roberts, Sam Bozoian, Marc Ganis, LIV Golf Organizations: NBC Sports, Golf Channel Locations: Saudi

☆ Airbnb hosts who are booking up their spaces during the era of 'Airbnbust' share 3 strategies they're using to make money on the platform
▼ + stars: | 2023-03-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Many Airbnb hosts are currently facing empty booking calendars and stiff competition. Vacation rental bookings started slowing down in 2022 and we've since entered an era coined 'Airbnbust.' "You can make more monthly money because people will pay more for a vacation rental than a long-term rental," he told Insider. Heilbron owns a second Airbnb property in Pinehurst, North Carolina, where golf events are frequently hosted. Courtesy of Avery HeilbronAnother major perk of owning a short-term vacation rental in Pinehurst is that the village hosts a lot of golf tournaments, including the U.S.

☆ Ko wins LPGA Player of the Year, final title as a single lady
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

"I couldn't have drawn it up any better," the world number three said after winning the LPGA's biggest cheque of $2 million at the Tiburon Golf Club in Naples. Ko wiped away tears as she tapped in for par on the final hole at Tiburon, having outlasted Ireland's third-round co-leader, Leona Maguire. The win, her second in the season-ending event, ensured her a second LPGA Player of the Year award, seven years after her first. She also claimed the Vare Trophy for a second year in succession after finishing with the season's lowest scoring average of 68.988. Only Annika Sorenstam, the Swedish great, has a better average (68.70 in 2002) among Vare Trophy winners.

☆ Jessica Korda to miss rest of LPGA season with back injury
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - Six-time LPGA winner Jessica Korda said on Tuesday that she will miss the rest of the LPGA season with a back injury but expects to return "healthier and stronger" next year. World number 16 Korda earned six top-10 finishes on the LPGA Tour in 2022 with her best result coming in April at the year's first major where she was runner-up in The Chevron Championship. In her most recent start, Korda tied for 24th place at the Ascendant LPGA benefiting Volunteers of America five weeks ago in Texas. I haven't had the most luck when it comes to injuries in my career, nonetheless I'm going to keep on keeping on," wrote Korda. "Excited to be back next year for my 13th season on tour healthier and stronger."

☆ LIV Golf CEO Greg Norman visits Capitol Hill as the Saudi-backed league battles the PGA Tour
▼ + stars: | 2022-09-19 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

LIV CEO and commissioner Greg Norman watches play on the third hole during the final round of the LIV Golf Invitational Series Chicago at Rich Harvest Farms in Sugar Grove, Illinois. LIV Golf CEO Greg Norman will be visiting Capitol Hill this week to meet with members of Congress, as the Saudi-backed league tangles with the PGA Tour. The LIV Golf league was founded as a competitor to the PGA Tour and is financed by Saudi Arabia's Public Investment Fund. LIV has already poached major golfers such as Phil Mickelson from the PGA Tour, and Norman himself is a former tour star. The LIV Saudi Golf League is not that.

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