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LOS ANGELES — The U.S. Senate's Permanent Subcommittee on Investigations has opened a review of the PGA Tour's planned alliance with the DP World Tour and Saudi Arabia's Public Investment Fund.
LOS ANGELES : The PGA Tour's stunning decision to welcome in massive investment from Saudi Arabia was a twist straight out of a Hollywood blockbuster so it is only fitting that all the leading characters will be in LA for this week's U.S. Open.
Commissioner Jay Monahan said the PGA Tour could not afford a legal fight with LIV Golf's Saudi backers and higher purses to prevent player defections, The Wall Street Journal reported Saturday.
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Commissioner Jay Monahan told employees that the PGA Tour simply couldn't afford to keep fighting the Saudi Arabia-backed LIV Golf League, the Wall Street Journal reported.
Commissioner Jay Monahan told PGA Tour employees during a meeting Thursday that it couldn't financially afford to keep spending tens of millions of dollars in its legal fight against Saudi Arabia's Public Investment Fund while continuing to increase its own purses to keep players from defecting to the rival LIV Golf League, according to a report Saturday by the Wall Street Journal.
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NEW YORK: Golfers who stayed loyal to the US PGA Tour, but not those who jumped to LIV Golf, will receive equity shares in a new for-profit entity, ESPN reported on Friday (Jun 9).