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Former AT&T chairman Randall Stephenson resigned from the PGA Tour's policy board over concerns about the tour's proposed partnership with Saudi Arabia's national wealth fund, The Washington Post reported Sunday.
WASHINGTON — Two PGA Tour officials have agreed to testify before a U.S. Senate panel next week about the tour's merger with Saudi-backed LIV Golf, but LIV officials declined to appear, lawmakers said Monday.
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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 five-page agreement signed by PGA Tour commissioner Jay Monahan, DP World Tour CEO Keith Pelley and Public Investment Fund governor Yasir Al-Rumayyan to form a new entity that will align men's professional golf gives the PGA Tour «full decision-making authority with respect to all strategic and operational matters related to competition.»
WASHINGTON : The framework of the merger agreement of the PGA Tour and Saudi-backed LIV Golf says a for-profit subsidiary of the U.S. golfing body will be created to manage commercial investments and assets for all tours, according to a copy reviewed by Reuters on Monday.
PARIS: Lionel Messi has called his start at former club Paris Saint-Germain “very tough,” dubbing two successive failed Champions League bids a “massive disappointment.”