Trump elated over PGA, LIV Golf merger
Former US President Donald Trump has expressed his excitement over the PGA Tour’s unexpected decision to merge with Saudi-funded LIV Golf league. In a post on his Truth Social account on Tuesday, Trump wrote, “GREAT NEWS FROM LIV GOLF…A BIG, BEAUTIFUL, AND GLAMOROUS DEAL FOR THE WONDERFUL WORLD OF GOLF. CONGRATS TO ALL!!!” As a result of the merger, the PGA Tour, LIV and the Europe-based DP World Tour will form a single entity. The move could potentially benefit Trump, whose New Jersey course was set to host last year’s PGA Championship before the Jan. 6 Capitol riot, after which the tournament was moved.
Trump has hosted four LIV events since the circuit launched in the summer of 2022, with two events held at his Bedminster course and one each at his clubs in Washington D.C. and Miami. The merger will see the PGA Tour and European tours unite with the Saudi Public Investment Fund’s golf-related commercial businesses and rights, including LIV Golf. To facilitate the merger, both the LIV and PGA Tour have agreed to drop their respective federal lawsuits against each other. The new group will be chaired by Yasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund, and will be majority-owned by the PGA Tour.
FAQs:
What is LIV Golf league?
LIV Golf league is a Saudi-funded professional golf circuit that launched in the summer of 2022. Former US President Donald Trump has hosted four LIV events at his golf courses.
What is the PGA Tour?
The PGA Tour is a professional golf organization that hosts a series of tournaments in the United States and around the world. It is based in Ponte Vedra Beach, Florida.
What is the DP World Tour?
The DP World Tour is a professional golf tour based in Europe and is also part of the merger with the PGA Tour and LIV Golf league.
What will be the impact of the merger?
The merger will see the unification of three professional golf circuits into a single entity – the PGA Tour, LIV Golf and the DP World Tour. It will also see the end of existing legal disputes between LIV and the PGA Tour. The new group will be majority-owned by the PGA Tour and chaired by Yasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund.
PGA and LIV Golf merger elicits great joy from Trump.
In a post on his Truth Social account on Tuesday morning, former President Donald Trump expressed his excitement over the news that the PGA Tour will merge with the Saudi-backed LIV Golf league. Trump’s golf course in Bedminster, NJ was set to host last year’s PGA Championship, but the tournament was moved after the January 6, 2021 Capitol riot. The move to merge the PGA Tour, LIV, and the Europe-based DP World Tour will create a single entity and may have potential benefits for Trump. He has hosted LIV events at his courses, including Bedminster, and the merger may lead to more opportunities in partnership with the Saudi Public Investment Fund’s golf-related commercial businesses and rights. Both LIV Golf and the PGA Tour will drop their federal lawsuits against each other as a condition of the merger, and Yasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund, will serve as chairman of the new group, with Monahan as CEO.