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WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a Justice Department investigation into the merger agreement between the PGA Tour and Saudi-funded LIV Golf. The letter follows Connecticut Democratic Sen. Richard Blumenthal's inquiries to PGA Tour Commissioner Jay Monahan and LIV Golf CEO Greg Norman for details on the merger. The PGA Tour also insists the deal isn't a merger and that Saudi Arabia's Public Investment Fund will be a minority investor. The deal between the PGA Tour and LIV Golf would put an end to pending antitrust litigation between the two golf organizations. Family members of 9/11 victims have protested the Saudi golf league due to the terrorists' ties to the country.
Persons: Elizabeth Warren, Ron Wyden, LIV, Elizabeth Warren of, General Merrick Garland, Jonathan Kanter, Connecticut Democratic Sen, Richard Blumenthal's, Jay Monahan, Greg Norman, Monahan, LIV Golf, DOJ didn't, Yasir Al, Rumayyan, LIV Golf's, Osama Bin Laden, Prince Mohammed bin Salman, Jamal Khashoggi, Warren, Wyden, , Jessica Golden Organizations: U.S, Capitol, WASHINGTON —, Democrats, Justice Department, PGA Tour, Saudi, LIV Golf, Oregon, Connecticut Democratic, Saudi Arabia's Public Investment Fund, DOJ, CNBC, PGA, Public Investment Fund, Washington Post, Senate Banking Committee, Finance Locations: Sens, Washington , DC, Elizabeth Warren of Massachusetts, U.S, Saudi, Saudi Arabia
CNN —The US Senate opened an investigation into the proposed merger between the PGA Tour and LIV Golf’s owners, Saudi Arabia’s Public Investment Fund (PIF), on Monday. The letter to the PGA Tour is addressed to its commissioner, Jay Monahan, while chief executive Greg Norman received the letter to LIV Golf. Both the PGA Tour and LIV Golf have until June 26 to hand over the requested documentation, per the letters. Brooks Koepka putts on the 18th green during a LIV Golf event on October 30, 2022. “I think the commissioner has been so discredited that he can hardly present a credible voice for [the PGA Tour].
Persons: LIV Golf’s, Democratic Sen, Richard Blumenthal, LIV Golf, Jay Monahan, Greg Norman, , , LIV, Brooks Koepka putts, Eric Espada, Blumenthal, Ron Wyden, “ I’m, ” Blumenthal, Monahan, ” Sen, Chris Murphy Organizations: CNN, Senate, PGA, Saudi, Public Investment Fund, Democratic, Investigations, PGA Tour, Tour, Justice Department, of Justice Locations: American
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
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
But while they could one day find themselves members of the PGA Tour again, those who joined LIV Golf may get a frosty welcome from those competing on the U.S.-based circuit. The people that left the PGA Tour irreparably harmed this Tour, started litigation against it," world number three McIlroy said on Wednesday. Another unknown is how the golf calendar will look under the framework of the merger or whether the LIV Golf League team-based competition will even exist after its 2023 season. Typically, a resigned player who wants to rejoin the DP World Tour for the 2023 season would have had to give their notification by May 1 of this year. DP World Tour CEO Keith Pelley said subsequent requests would require proof of an exceptional circumstance to be allowed, something he said would "be difficult and highly unlikely that that would happen."
Persons: LIV, Rory McIlroy, Phil Mickelson, Brooks Koepka, Dustin Johnson, Cam Smith, McIlroy, that's, LIV Golf, Greg Norman's, Tiger Woods, Norman, Jay Monahan, Monahan, Keith Pelley, Frank Pingue, Toby Davis Organizations: PGA, Saudi Arabia Public Investment Fund, Hall of Fame, PGA Tour, LIV Golf, LIV Golf League, Saudi, European, European Ryder, U.S, PGA of America, Ryder Cup Europe, Thomson Locations: Saudi, Toronto, Rome
An announcement by the PGA Tour declared a partnership with the Saudi-backed LIV Golf, as well as the DP World Tour, unifying the trio under a new, yet-to-be-named, commercial entity. An eight-time winner on the PGA Tour and the 2020 US Open champion, DeChambeau’s move was a huge coup for LIV Golf. Yet many of the game’s biggest stars stayed put, with several becoming outspoken critics of LIV Golf. The latter purportedly turned down a $700 - $800 million offer to join the breakaway series, according to LIV Golf CEO Greg Norman. “I do feel bad for the PGA Tour players because they were told one thing and something else happened.
Persons: Bryson DeChambeau, , LIV, DeChambeau, DeChambeau’s, LIV Golf, Rory McIlroy, Tiger Woods, Greg Norman, CNN’s Kaitlan Collins, ” DeChambeau, it’s, Suhaimi Abdullah, Saudi Arabia’s, LIV Golf’s, Mohammed bin Salman, Jamal Khashoggi, Bin Salman, Quizzed, Collins, “ I’m, I’m, ” Bryson, Brett Eagleson, Maddie Meyer, Organizations: CNN, PGA Tour, Saudi Arabia’s Public Investment Fund, PGA, , LIV, Sentosa Golf Club, Saudi, Congress, United, America, Getty Locations: Saudi, Singapore, Saudi Arabia, Washington, al Qaeda
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
Keegan Bradley, who won the 2011 PGA Championship, was two shots off the pace with Norway's Viktor Hovland and New Zealand's Ryan Fox. DeChambeau, who missed last year's PGA Championship as he was recovering from surgery on his left hand, started on the back nine and reached the turn at one under. "It was a grind today," said 2022 Masters winner Scheffler. It marked the first time the top player in the rankings had carded a six over or higher at the PGA Championship since Greg Norman in 1987. It marks Mickelson's return to the PGA Championship for the first time since 2021 when, aged 50, he defied the odds to become the oldest major winner in history.
His name is John Daly, and he is about to win the 1991 PGA Championship. The caller was Nick Price, a well-known player on the PGA Tour with three wins under his belt. Daly during the first round of the 2022 PGA Championship at Southern Hills Country Club in Tulsa. Yet to win on the PGA Tour, there will be little expectation on the world No. 117 to change that fact on his PGA Championship debut on Thursday.
Rippers roll in Adelaide as LIV lands Down Under
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +2 min
SYDNEY, April 20 (Reuters) - After falling short in their bid to gatecrash the Masters, the stars of LIV Golf break fresh ground in Adelaide this weekend when they take the rebel tour to Australia for the first time. The fourth of the 14 events on the schedule in the second season of LIV Golf was all but guaranteed a warm reception Down Under, despite concerns in some quarters that its Saudi backers are engaged in "sportswashing". "Obviously we're going there to win," said the 29-year-old world number six, who defected to LIV for a reported $140 million after his British Open triumph last year. Former world number one and twice major champion Martin Kaymer will make his return after six months on the sidelines recovering from a wrist injury as captain of "Cleeks". Having been pointedly excluded from Augusta, LIV Golf Commissioner Greg Norman has been ubiquitous in the media in his homeland this week promoting his product.
69 in the Official World Golf Ranking. Dustin Johnson. 1 throughout 139 weeks in his career, according to CBS. That puts him behind only Tiger Woods and Greg Norman for most weeks in the top spot. When he officially landed at 51 in February 2023, it was the first time in 13 years he'd been out of the top 50, according to Golf Digest.
"Yeah, I'm actually very disappointed with how I finished," said Day. "It feels good, but today kind of ruins it for me," Day said with a laugh. The highlight of Day's second round came at the par-four 11th where he missed the green with his approach shot but managed to chip in for birdie from 22 yards. Day said seeing his ball drop did not make him recall Larry Mize's miraculous chip-in on the same hole to defeat Australian Greg Norman in a playoff in the 1987 Masters. Reporting by Frank Pingue in Augusta, Georgia, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.
The World of LIV Golf
  + stars: | 2023-04-05 | by ( Alan Blinder | Kevin Draper | Guilbert Gates | ) www.nytimes.com   time to read: +10 min
Public Investment Fund LIV Golf Trump World Performance54 LIV Golfers PLUS 45 OTHERS CONSULTANTS LAWYERS McKinsey & Company PwC Public Investment Fund Quinn Emanuel Urquhart & Sullivan White & Case M. Klein & Company Teneo Crown Prince Mohammed bin Salman Majed al-Sorour Newcastle United Aramco Golf Saudi Benjamin Quayle Yasir al-Rumayyan Ari Fleischer Gibson, Dunn & Crutcher LIV Golf Performance54 Trump World Greg Norman Donald J. Trump Gary Davidson Jed Moore Eric Trump Jared Kushner LIV Golfers Cameron Smith Phil Mickelson Dustin Johnson PLUS 45 OTHERSLIV Golf has cleaved men’s professional golf like no other force since the 1960s. Some of the world’s top players, including Dustin Johnson and Phil Mickelson, have become the faces of LIV Golf. The Public Investment FundDiagram of the major figures in LIV Golf that are connected to Saudi Arabia’s Public Investment Fund. Public Investment Fund Jared Kushner’s firm accepted a $2 billion investment from the Public Investment Fund. LIV Golf Trump World Eric Trump Jared Kushner Donald J. Trump Public Investment Fund Jared Kushner’s firm accepted a $2 billion investment from the Public Investment Fund.
Yasir Al-Rumayyan, left, governor of Saudi Arabia’s Public Investment Fund, Majed Al-Sorour, CEO of Golf Saudi, center, and Greg Norman, CEO of LIV Golf. Since the beginning of the high-profile legal wranglings between the PGA Tour and its rival LIV Golf last year, the Tour has consistently angled to place LIV’s backing from Saudi Arabia at the center of the feud. Now, the U.S. District Court for the Northern District of California has granted one of the PGA Tour’s chief goals. A ruling issued late Tuesday will allow the Tour to add Saudi Arabia’s Public Investment Fund, LIV’s financial backer, and its governor, Yasir Al-Rumayyan , as defendants in its lawsuit against LIV.
LIV Golf finalizes all 12 team rosters for second season
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +3 min
February 21 - LIV Golf announced its 12 rosters of four-players teams for the upstart league's second season Monday night, making official the reported signings of Thomas Pieters, Danny Lee, Dean Burmester and Brendan Steele. 35 in the Official World Golf Ranking as of this week, joined Bubba Watson's team, RangeGoats. Players who finished in the top 24 of the 2022 Invitational Series were guaranteed spots for the 2023 LIV Golf League, according to a press release. "In less than a year, LIV Golf has reinvigorated the professional game and laid the foundation for the sport's future. In 2023, the LIV Golf League comes to life," LIV CEO and commissioner Greg Norman said in a statement.
LIV Golf CEO Greg Norman, left, and Majed Al Sorour during a ceremony after the final round of the LIV Golf Team Championship in October. Three prominent LIV Golf executives have departed their posts in recent days, according to people familiar with the matter, as the upstart Saudi-backed circuit’s leadership is roiled by turnover a year after its launch. Majed Al Sorour, the head of the Saudi Golf Federation was earlier this week removed as LIV’s managing director, a role that was just below CEO and commissioner Greg Norman . Then two other LIV executives, chief marketing officer Kerry Taylor and chief communications officer Jonathan Grella, were also set to leave the company, according to the people familiar with the situation.
LIV Golf reaches broadcast rights deal with CW Network
  + stars: | 2023-01-19 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +3 min
Signage on a golf ball at the LIV golf tournament on Thursday, Sept. 15, 2022, at Rich Harvest Farms in Sugar Grove, Illinois. LIV Golf reached a multi-year deal to make CW Network the exclusive U.S. broadcast partner of the Saudi-funded professional golf tour that launched last year with dozens of golfers, including Phil Mickelson and Bubba Watson. CW Network President Dennis Miller in a press release said the partnership "marks a significant milestone in our goal to re-engineer the network." As its name suggests, LIV Golf tournaments feature 54 holes instead of the more common 72. The PGA Tour previously suspended 17 players for playing in the inaugural LIV Golf tournament in June, which LIV called an "effort to stifle competition."
LIV Golf reaches U.S. broadcasting deal with CW Network
  + stars: | 2023-01-19 | by ( ) www.reuters.com   time to read: +2 min
[1/3] Oct 29, 2022; Miami, Florida, USA; General view of the 18th green and clubhouse during the second round of the season finale of the LIV Golf series at Trump National Doral. Mandatory Credit: John David Mercer-USA TODAY SportsJan 19 (Reuters) - LIV Golf secured the United States television deal it had been seeking, announcing on Thursday that the CW Network will broadcast all 14 events of the Saudi-backed series. Beginning this year the CW Network will bring the rebel circuit's tournaments to 120 million households across the United States, LIV Golf said in a statement. "This is a momentous day for LIV Golf as this partnership is about more than just media rights," said LIV Golf CEO and commissioner Greg Norman. LIV Golf will play from February to September and features simultaneous team and individual play with golfers competing for an unprecedented $405 million in prize purses.
CNN —Tiger Woods has called for Greg Norman, the CEO of the Saudi-backed LIV Golf series, to stand down amid a rift with the PGA Tour. Earlier this year, LIV Golf joined an antitrust lawsuit alongside some of its players, alleging that the PGA Tour threatened to place lifetime bans on players who participate in the LIV Golf series. David Cannon/Getty ImagesThe LIV Golf series is backed by Saudi Arabia’s Public Investment Fund (PIF) – a sovereign wealth fund chaired by Mohammed bin Salman, the crown prince of Saudi Arabia. Woods – who returned to golf earlier this year following serious injuries sustained in a car accident – has previously voiced opposition to the LIV Golf series, and on Wednesday, he reaffirmed his stance. LIV Golf declined to comment on Woods’ latest remarks when contacted by CNN.
[1/3] Oct 30, 2022; Miami, Florida, USA; Dustin Johnson , Patrick Reed , Talor Gooch and Pat Perez celebrates team 4Aces GC winning the season finale of the LIV Golf series at Trump National Doral. If sportwashing was the objective of LIV Golf, it failed miserably instead drawing attention to a number of Saudi involvements from the murder of journalist Jamal Khashoggi to the Kingdom's treatment of women. Describing LIV's Saudi backers "as good people with unlimited money", Trump teased that even more big names will be signing onto the rebel circuit next year. But LIV proved at Miami that it can produce an entertaining product appealing to a younger audience who descended on Trump National as much for the party as the golf. If LIV Golf is to evolve into a major player it will also need to eventually find a broadcast deal and sponsors which so far have appeared hesitant to get onboard.
The Justice Department's antitrust investigation of the PGA Tour's actions against the upstart LIV Golf league has also ensnared the Augusta National Golf Club and the United States Golf Association. The managing director of LIV Golf, Majed Al Sorour, had warned that LIV would start its own majors, but later walked back the comment on Twitter. Mickelson, meanwhile, told Sports Illustrated that he "wholeheartedly" expects to play at the Masters despite his LIV Golf affiliation. Both the PGA Tour and LIV Golf have been lobbying in Washington D.C. to state their case against the other. LIV Golf also filed its own antitrust suit against the PGA Tour in September, and the tour subsequently countersued, alleging that LIV Golf was anticompetitive because of its restrictive player contracts.
CNN —When Rory McIlroy won the 2021 CJ Cup, he insisted he was still capable of being the world’s best golfer. It marks the ninth occasion the 33-year-old McIlroy has held top spot in his career, with only Tiger Woods and Greg Norman – both 11-time No. Then ranked 8th in the world, McIlroy had given a tearful interview following Europe’s historic 19-9 loss at Whistling Straits, arguing he “should have done more”. If victory in his first subsequent outing had been his way of exorcising any Ryder Cup demons, the Northern Irishman has just gone from strength to strength this year. “I had a really rough Ryder Cup … I was outside the top-10 in the world, it’s not a position that I’m used to being in.
The PGA Tour has filed a lawsuit against LIV Golf backers, the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince, in an effort to force evidence discovery in ongoing legal battles. LIV Golf sued the tour alleging anti-competitive practices for banning its players, and the tour recently countersued LIV Golf, claiming the upstart league was itself stifling competition. "LIV Golf is just beginning its process and is in active discussions with several companies about broadcasting the LIV Golf League. Meanwhile, the PGA tour has taken to Washington D.C. to lobby against LIV Golf, and LIV Golf CEO Greg Norman, a former PGA Tour star, made his own visit to Capitol Hill in mid-September to "educate members on LIV's business model and counter the Tour's anti-competitive efforts." The LIV Golf championship will take place starting Oct. 28 at the Trump National Doral in Miami.
Johnson pockets $18 million as inaugural LIV Series champion
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
Sep 18, 2022; Chicago, Illinois, USA; Dustin Johnson tees off from the 18th tee box during the final round of the Invitational Chicago LIV Golf tournament at Rich Harvest Farms. Mandatory Credit: Jamie Sabau-USA TODAY Sports/File PhotoOct 10 (Reuters) - Twice major winner Dustin Johnson won $18 million after clinching the individual title in the LIV Series with a 16th-place finish at the latest event in Bangkok, Thailand, the Saudi-backed circuit said on Monday. "The first chapter of LIV Golf's history could not be written without Dustin Johnson's name," LIV chief executive Greg Norman said. From the start he's been an LIV Golf cornerstone. LIV tournaments do not count towards the world rankings, and players who compete in the breakaway series have been suspended from the PGA Tour.
Phil Mickelson and three other LIV golfers have dropped out of an antitrust lawsuit against the PGA Tour. Mickelson and 10 other LIV-affiliated players had filed a suit against the PGA Tour in August after the tour suspended them for their participation in the rival LIV Golf league. The PGA Tour declined to comment. The Justice Department is also probing into the PGA Tour for its possible antitrust violations tied to LIV Golf. When the lawsuit was initially filed, PGA Tour commissioner Jay Monahan stood by the decision to suspend the LIV-affiliated players.
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