• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick PGA Tour, Saudi-backed LIV merge in stunning end to bitter golf rivalry
Editor's Pick

PGA Tour, Saudi-backed LIV merge in stunning end to bitter golf rivalry

by June 9, 2023
by June 9, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The PGA Tour and Saudi-backed LIV Golf announced a merger Tuesday in a stunning end to their bitter rivalry on the fairways, in the courts and on the geopolitical stage.

PGA Tour Commissioner Jay Monahan, who once said playing in LIV events would warrant an apology, said the deal would benefit the sport.

“After two years of disruption and distraction, this is a historic day for the game we all know and love,” Monahan said in a statement. ‘Going forward, fans can be confident that we will, collectively, deliver on the promise we’ve always made — to promote competition of the best in professional golf and that we are committed to securing and driving the game’s future.’

Monahan told CNBC the move was necessary to grow the sport.

‘There’s been a lot of tension in our sport for the last couple of years. But what we’re talking about today is coming together to unify the game of golf and to do so under one umbrella,’ he said.

‘Together, we’re going to move forward, and we’re going to take efforts to grow and expand this great game and take it to new heights.’

Golf legend Phil Mickelson, who had led prominent players away from the PGA Tour to help form LIV, tweeted his approval of the news Tuesday morning.

And former President Donald Trump, a backer of LIV, took a victory lap Tuesday, declaring he had predicted that the PGA Tour would have to come to an agreement with the Saudi-backed golf operation.

Loved ones of 9/11 victims have protested outside of LIV events, drawing attention to Saudi connections to the 2001 terrorist attacks.

‘PGA Tour leaders should be ashamed of their hypocrisy and greed,’ 9/11 Families United Chair Terry Strada said in a statement Tuesday.

‘Our entire 9/11 community has been betrayed by Commissioner Monahan and the PGA as it appears their concern for our loved ones was merely window-dressing in their quest for money — it was never to honor the great game of golf,’ Strada said. 

While the deal carries some risk for the PGA Tour, George Washington University sports marketing professor Lisa Delpy Neirotti said players, consumers and golf sponsors ultimately have short memories and just want to see the world’s best tee off every weekend.

“Players just want to get paid, and they want to play against their top competitors — and fans want it, too,” she said. “They don’t want to not have the top players playing in the PGA.” 

The agreement will also end all litigation prompted by the PGA Tour’s suspension of players who had ignored its threats and played in LIV events.

Brooks Koepka hits from the fairway during the PGA Championship golf tournament in Pittsford, N.Y., on May 21.Eric Gay / AP

The desire to end lawsuits was most likely a key factor in the unusual union, though University of Buffalo sports law professor Hellen ‘Nellie’ Drew said new lawsuits could come into play from sponsors unhappy with Saudi involvement.

‘Typically these agreements have some kind of good faith morals clause,’ Drew said. ‘You [a sponsor] want the goodwill associated with the PGA Tour. Now that PGA Tour’s goodwill is substantially connected to human rights issues, that’s a whole different animal. That’s not what you’re paying for.’

LIV was formed in 2022 with 48 players led by Mickelson, along with Dustin Johnson, Bryson DeChambeau and Brooks Koepka, with a prize fund of $405 million; they and other high-profile players reportedly got deals of at least $100 million to leave the PGA Tour.

Tuesday’s announcement came nearly a year after Monahan blasted players for signing up for LIV events, saying association with the Saudi fund would leave a moral stain.

A dramatic and stern-faced Monahan said last year he knows families who lost loved ones in the 9/11 attacks and told LIV golfers to take a long look in the mirror before they accepted Saudi government money.

“I would ask any player that has left or any player that would ever consider leaving, ‘Have you ever had to apologize for being a member of the PGA Tour?’” Monahan said from Toronto on the CBS telecast of the RBC Canadian Open.

The merger didn’t come as a complete surprise to veteran U.S. diplomat Richard N. Haass.

‘I thought it was near-inevitable, as LIV was not going away, given Saudi financial support and strength of several LIV golfers,’ said Haass, the president of the Council on Foreign Relations.

‘Plus, efforts to isolate the Kingdom of Saudi Arabia were fading in the wake of the president’s visit to and subsequent developments,’ he said.

Sports has been an increasingly important tool of the Saudi government’s efforts to ingratiate itself on the world stage and gloss over the kingdom’s human rights record. Critics of the kingdom have called the practice “sportswashing.”

While advancing in age, 38-year-old soccer legend Cristiano Ronaldo could still play in an upper-tier world league. But he opted for playing in the Saudi Pro League this past season.The venerable English Premier League club Newcastle United was bought by Saudi Arabia’s sovereign wealth fund.The kingdom boasts of the world’s richest horse race, the Saudi Cup, with a purse of $20 million.Saudi interests, among other Middle Eastern entities, have become increasing major players in Formula One racing.

“PGA Commissioner Jay Monahan co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sportswashing of Saudi Arabia’s reputation,’ said Strada, whose husband, Tom, an avid golfer, was killed in the North Tower nearly 21 years ago.

‘But now the PGA and Monahan appear to have become just more paid Saudi shills, taking billions of dollars to cleanse the Saudi reputation so that Americans and the world will forget how the Kingdom spent their billions of dollars before 9/11 to fund terrorism, spread their vitriolic hatred, and finance al Qaeda and the murder of our loved ones. Make no mistake — we will never forget.” 

Neirotti, of George Washington University, said she doesn’t expect Saudi money to go away any time soon.

‘I mean, the EPL sold out, they took blood money,’ she said, referring to the English Premier League. ‘And trust me, many American companies are doing work in Saudi Arabia. Deloitte, name every big consulting company, you don’t think they don’t have their hands in Saudi Arabia?’

CORRECTION (June 6, 2023, 7:30 p.m. ET): A previous version of this article misstated the organization that merged with LIV Golf. It is the PGA Tour, not the PGA, which is a separate organization.

This post appeared first on NBC NEWS
You Might Also Like
  • Chrysler recalling 338,000 Jeep Grand Cherokees over potentially faulty steering part
  • The FAFSA form error that would have limited students’ financial aid is getting fixed
  • On the sidelines of a pricier Kentucky Derby, the race is on for small-dollar spending
  • Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Black workers at California Tesla factory allege rampant racism, seek class-action status
next post
EXCLUSIVE: Trump says indictment is ‘election interference at the highest level’

You may also like

TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker...

August 17, 2024

Starbucks union announces strike to last through Christmas Eve in...

December 20, 2024

Alaska Airlines and United Airlines returning Boeing 737 Max 9...

January 30, 2024

GM to end production of electric Chevy Bolt, its first...

April 27, 2023

KORE Delivers IoT SAFE Solution for Massive IoT Use Cases...

January 9, 2023

Under Armour is laying off workers as retailer says North...

May 17, 2024

Why Amazon sellers and retailers are flocking to TikTok Shop...

December 3, 2024

Chase online banking issue causes double transactions and fees

June 6, 2023

Fed officials see ‘upside risks’ to inflation, possibly leading to...

August 18, 2023

Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern...

November 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Paris seeing signs of strong travel...

    June 24, 2024

    Wendy’s will offer $3 breakfast deal...

    May 21, 2024

    Dave & Buster’s to let players...

    May 2, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here