Golf’s embrace of Saudi money mirrors tech’s uneasy cash grab ...Middle East

The battle lines in golf have been drawn, pitting the PGA Tour against some of its biggest stars who have decided to join the LIV Golf tour. LIV Golf Investments, which is backed by the Saudi Public Investment Fund (PIF), its majority shareholder, was launched last year with golf legend Greg Norman as its chief executive officer. PIF recently pledged a $2 billion investment to expand the organization’s efforts internationally.So far, of the 48 golfers involved, the most high-profile names to join LIV Golf are Phil Mickelson and Dustin Johnson, who were reportedly offered $200 million and $125 million, respectively, to join the new tour. Additionally, LIV Golf is offering larger prize money p

Hence then, the article about golf s embrace of saudi money mirrors tech s uneasy cash grab was published today ( Friday 10/06/2022 - 06:48 PM ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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