Succumbing to Saudi Arabia’s Financial Temptations, PGA Tour Heads to the Middle East

June 8, 2023

The PGA Tour, once known for its moral stance against LIV Golf league, has made a stunning reversal and merged with the rival league, which gets its funding from Saudi Arabia. PGA Tour Commissioner, Jay Monahan, previously suspended 17 players who defected to LIV for prioritizing money over morality, only to join them later for …

According to sources, Saudi Arabia is considering investing $2 billion in a new PGA-LIV tour while the PGA will retain its control.

June 7, 2023

According to an undisclosed source, the Saudi-backed fund supporting LIV Golf is acquiring a 20% stake in the union between the European DP World Tour and the PGA Tour, which could cost about $2 billion at current valuations. The Public Investment Fund of Saudi Arabia will be a minor investor, with the PGA Tour maintaining …