LIV Golf CEO Scott O’Neil has written to fans following the league’s Chapter 11 filing, addressing the future of the competition and outlining plans for a new, player-owned LIV Golf 2.0.
LIV Golf has filed for Chapter 11 bankruptcy protection in the US, a move that could free Cam Smith and other players from their contracts while unpaid amounts are settled through the court process.
Greg Norman has welcomed the PGA Tour’s landmark partnership with Golf Australia, describing the move as a “big step” that is “long overdue by decades” as Australia’s national championship enters a new era.
LIV Golf CEO Scott O’Neil has lifted the lid on the league’s next chapter, revealing an ambitious plan to raise $US300 million while openly expressing his desire for Australian investors to help shape the future of the breakaway circuit.
Australian golf star Cameron Smith has shut down retirement talk with a laugh, declaring: “I’ve got a while yet,” while insisting he’s been given “every assurance” LIV Golf isn’t going anywhere.
In the wake of a The Wall Street Journal report confirming Saudi Arabia’s Public Investment Fund will step away from funding LIV Golf from 2027 onwards, the sport finds itself back in familiar territory. Speculation. Noise. Half-truths. Strategic leaks. And not a lot of formal clarity from LIV Golf itself, which, in fairness, is very on brand.
The PGA Tour has rejected a $US1.5 billion ($A2.4 billion) reunification offer from Saudi Arabia’s Public Investment Fund. The Guardian UK was the first to report on the development.
United States Senator Richard Blumenthal (District of Connecticut) said on Sunday that Congressional hearings regarding the proposed partnership between the PGA Tour and Saudi Arabia’s Public Investment Fund could happen “within weeks.”
The United States Department of Justice has notified the PGA Tour that it will review the tour’s planned partnership with Saudi Arabia’s Public Investment Fund, according to the Wall Street Journal.
It’s hard to answer what you do not know, and if the past week in golf has told us anything, it’s that so few people have any idea of what’s going in in the professional game.
The discovery that Jimmy Dunne played a key role in brokering the framework deal between the PGA Tour and Saudi Arabia’s Public Investment Fund was a surprising revelation in the wake of Wednesday’s unexpected announcement.