Leader of PGA Tour accuses breakaway LIV of attempting to ‘buy game of golf’

Leader of PGA Tour accuses breakaway LIV of attempting to ‘buy game of golf’

Leader of PGA Tour accuses breakaway LIV of attempting to ‘buy game of golf’

PGA

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  • LIV is majority-owned by Saudi Arabia’s $620bn sovereign wealth fund.
  • LIV threatened PGA Tour’s status by offering hefty fees to attract top players.
  • PGA suspended 17 of its members who took part in LIV’s inaugural event in London.
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The chairman of the US PGA Tour has criticized a rival Saudi Arabia-funded golf series for seeking to “purchase the game of golf” as an increasing number of circuit members defect to the new project led by former star player Greg Norman, intensifying the war for the sport’s future.

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The commissioner of the PGA Tour, Jay Monahan, stated that LIV Golf, which is majority-owned by Saudi Arabia’s $620bn sovereign wealth fund, “is not concerned with the return on investment or the actual growth of the game.”

“I am not naive,” said Monahan. “If this is an arms race and if the only weapons are dollar bills, the PGA Tour can’t compete with a foreign monarchy spending billions of dollars trying to buy the game of golf.”

Saudi’s Public Investment Fund has allocated at least $2 billion to invest in LIV, threatening the PGA Tour’s status as one of the leading forces in the sport by offering hefty fees to try and attract some of the game’s top players, including Phil Mickelson, Dustin Johnson, and Bryson DeChambeau.

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The PGA Tour is raising prize money and incentives for golfers. Two weeks ago, it suspended more than 17 of its members who participated in the inaugural LIV event in London. Two future LIV events will take place at golf courses owned by former U.S. President Donald Trump.

The London tournament was the first of eight invitational tournaments with a total prize pool of $250 million.

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