7/9/2023 0 Comments Download yahoo sports golf![]() It not only has the right to further invest but has “first refusal on any capital that may be invested in the new entity,” by anyone else. The PIF will be the exclusive investor in the new entity. The Saudi Arabian Public Investment Fund, however, controls everything else. The PGA Tour gets to control the board that handles the actual golf, including the LIV and the DP World Tour (aka the European Tour). ![]() Tuesday it was announced the two tours would “merge,” although it looks a lot more like the Saudis just bought the PGA Tour like it previously bought so many of its top stars. Well, at least, until the money got good enough to sell out. The PGA Tour - the pure, pure, ethically minded PGA Tour - were the supposed heroes on the front line, maybe the last honest and upstanding enterprise on earth, as it tried to fend off the Saudi-funded LIV Golf tour. It was completely against torture and abuses and certainly sportswashing, which is when bad people use the positives of competition to make themselves seem less bad. The PGA Tour - the pure, pure, ethically minded PGA Tour - was about freedom and human rights. There was no way the PGA Tour - the pure, pure, ethically minded PGA Tour - could have even a single sponsor of a single tournament do even tangential business with the murderous Saudi Arabian government. For the PGA Tour - the pure, pure, ethically minded PGA Tour - this was a deal breaker.
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