![]() Even more tellingly, its chairman will be Yasir bin Othman Al-Rumayyan, the Saudi businessman who is governor of the Public Investment Fund (PIF), the Gulf country’s $700bn sovereign wealth fund. ![]() The new umbrella entity housing the three entities will be, according to the statement that accompanied the news, “principally funded by the Saudi government”. (Well, almost an entire sport it appears that the LPGA and LET – the main women’s tours – are conspicuously absent from the deal.) But one thing is fast becoming apparent: Saudi Arabia, which has long displayed a penchant for snapping up shiny assets around the world, has effectively bought an entire sport. There are still dozens of questions buzzing around the shock merger of the PGA Tour, the DP World Tour (which was previously called the European Tour) and LIV Golf.
0 Comments
Leave a Reply. |