The New York Times – Sports:
With the addition of Woods, players will outnumber independent directors, giving them the final say in the tour’s plan to form a partnership with Saudi Arabia’s sovereign wealth fund.
Category: Sovereign Wealth Funds
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Pressured by U.S., PGA Tour and Saudi Fund Drop Key Part of Golf Deal
The New York Times – Sports:
The two parties had promised not to poach each other’s players. Their decision to abandon that clause removes one of the few binding provisions of the agreement that has rocked golf.
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Golf’s Titanic Deal Stokes Anger on Capitol Hill
The New York Times – Sports:
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.
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What Is the Saudi Sovereign Wealth Fund?
The New York Times – Sports:
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
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Saudi Arabia’s LIV Golf Deal Is a Triumph That Transcends Sports
The New York Times – Sports:
The deal to merge LIV Golf with the PGA Tour is a big win for the oil-rich kingdom, headlining a banner week that also includes a visit from the American secretary of state.
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PGA Tour and LIV Golf Will Merge, Ending Battle to Control the Sport
The New York Times – Sports:
In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”
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LIV Golf Wants to Talk About Sports. Donald Trump Still Looms.
The New York Times – Sports:
Whether LIV can outrun Trump’s shadow, and whether it even wants to, could do much to shape how the league is perceived in the years ahead, particularly in the United States.
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Phil Mickelson Interviewed in Antitrust Inquiry Into Pro Golf
The New York Times – Sports:
The Justice Department met with PGA Tour lawyers this week, but a timeline for the completion of its review is unclear.
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A New Twist for the Tradition-Bound Masters: The LIV Golf Era
The New York Times – Sports:
LIV, Saudi Arabia’s breakaway league, split men’s professional golf. Now, the drama is coming to one of the sport’s most hallowed stages.