PGA Tour & LIV | Page 2 | The Platinum Board

PGA Tour & LIV

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PGA Tour & LIV

  • PIF will make a capital investment into the new entity to facilitate its growth and success.
  • PIF will initially be the exclusive investor in the new entity
  • Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA TOUR, LIV Golf and DP World Tour.
The PGA Tour is appointing the majority of board members in the new entity, but with PIF money pulling the strings there I'm not sure how meaningful that is. Looks a lot the Saudis just acquired the PGA Tour.
 
Sounds like the PGA didn't want to have their 501c status challenged by LIV during discovery.

Would explain why they folded.
 
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