PGA Tour Explores U.S. Investors for LIV Golf Takeover Amid Saudi Opposition

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Source: Forbes
PGA Tour Explores U.S. Investors for LIV Golf Takeover Amid Saudi Opposition
Photo: Forbes
TL;DR

The PGA Tour is seeking money from U.S. investors as insurance in case its merger with LIV Golf, backed by Saudi Arabia's sovereign wealth fund, is not approved by its players or politicians. The merger has faced opposition, with U.S. politicians viewing it as a takeover of an American institution by foreign money. The PGA Tour is looking to ease political opposition by involving high-profile U.S. investors in the transaction. The PGA Tour has been criticized for its lack of financial disclosure and failure to deliver for its customers, making LIV Golf's entry a wake-up call for the undervalued asset.

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