Fox News Flash top sports headlines are here. Check out what's clicking on Foxnews.com. A few days prior to the start of an inquiry from the U.S.
Senate subcommittee into the PGA Tour's planned partnership with Saudi Arabia's Public Investment Fund (PIF) and the DP World Tour, PGA Tour Commissioner Jay Monahan told Congress that his golf circuit was "left on our own." Monahan sent a letter to lawmakers claiming the PGA Tour's position was weakened when it came to competing with Saudi Arabia’s bid to take over the sport with LIV Golf because of the United States’ geopolitical alliance with the kingdom.
The PIF has an estimated $620 billion at its disposal, and the PGA Tour had already incurred $50 million in legal fees and earmarked another $100 million for higher purses in its tournaments, according to a report from The Wall Street Journal. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Jay Monahan speaks to the media as a preview for The Players Championship at TPC Sawgrass on March 7, 2023, in Ponte Vedra Beach, Florida. (David Cannon/Getty Images) The agreement, while still not finalized, would end all litigation between the PGA Tour and the PIF.
Since its inception, the LIV circuit has managed to sign some of the biggest names in golf to lucrative contracts. In some cases, golfers have inked deals in excess of $100 million. LIV GOLFER MARTIN KAYMER HOPES CRITICS FROM PGA TOUR 'MOVE TO JAPAN' TO CONTINUE CAREERS AMID MERGER The PGA Tour responded by pouring millions into the purses at its own tournaments. "During this intense battle, we met with several members of Congress and policy experts to discuss the PIF’s attempt to take over the game of golf in the United States, and suggested ways that Congress