Golf’s embrace of Saudi money mirrors tech’s uneasy cash grab
Posted on AllSides June 10th, 2022
From The Center
REUTERS/PAUL CHILDS
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.
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