Pga Tour Tom Watson Jay Monahan Liv Golf Usa Saudi Arabia golf Pga Tour Tom Watson Jay Monahan Liv Golf Usa Saudi Arabia

Golf legend Tom Watson questions PGA Tour, LIV deal in open letter

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United States golf legend Tom Watson called on the PGA Tour to provide full details of its merger with the Saudi backers of LIV Golf on Monday, saying the deal had left a slew of unanswered questions.In an open letter sent to PGA Tour commissioner Jay Monahan, eight-time major champion Watson said the bombshell agreement announced on June 6 had been brokered "without due process."The 73-year-old former US Ryder Cup captain posed a series of questions to Monahan in the letter while asking whether the merger was driven by financial necessity."What does acceptance of this partnership mean to the Tour?

What do we get? What do we give up?" Watson asked. "Why was this deal done in such secrecy and why wasn't even one of the players who sits on the Tour's Policy Board included?"Under the deal announced earlier this month, the PGA Tour and DP World Tour have joined forces with Saudi Arabia's Public Investment Fund (PIF), which has bankrolled the upstart LIV Golf circuit.Watson acknowledged that the rise of LIV Golf had threatened the PGA Tour's business model, while creating "unprecedented obstacles and battles of both moral and financial consequence."Watson asked whether the tie-up with Saudi's PIF -- a government controlled fund which reportedly manages assets worth $650 billion -- was the only way to ensure the PGA Tour's long-term survival."Is the PIF the only viable rescue from the Tour's financial problems?

Was/is there a plan B?" Watson asked."And again, what exactly is the exchange? We need clarity and deserve full disclosure as to the financial health of the PGA Tour and the details of this proposed partnership."Watson also fired a broadside at the "hypocrisy" of the PGA Tour in embracing LIV's Saudi backers.

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The PGA Tour sought to assure players on Tuesday that they will have a say in the tour's new partnership with the Saudi Public Investment Fund (PIF), with its policy board issuing a statement that noted players would have to approve any final agreement.
The framework of the merger agreement of the PGA Tour and Saudi-backed LIV Golf says a for-profit subsidiary of the US golfing body will be created to manage commercial investments and assets for all tours.
The leading figures in the controversial partnership between Saudi Arabia and the PGA Tour have been summoned to attend a United States Senate hearing next month.
WASHINGTON: A US 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 Jul 11 hearing.
Eight-time major winner Tom Watson says the PGA Tour’s new partnership with Saudi Arabia appears to indicate “a more desperate financial situation than has been previously revealed by the Tour”.
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