Page 2 - Bombshell Merger News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Unprecedented bombshell merger. we know that the investment, the financing will be provided by the pif through liv golf and that the head of the pif, the man who stands at the top of liv golf, yasir al—rumayyan — who is also the chairman of newcastle united — will be the chairman of this new for—profit entity. but counter to that, al—rumayyan himself has said that the governance, the control in that sense will still lie very much with the pga tour. do you think this kind of thing is a good idea? many in the sport think that it's a good idea because it, according to many, represents a...

Of saudi arabia's investment in golf are concerned that this does, indeed, represent a takeover, effectively, through the country's sovereign wealth fund, pif — the public investment fund. the saudis have effectively bought the entire sport of golf in this unprecedented bombshell merger. we know that the investment, the financing will be provided by the pif through liv golf and that the head of the pif, the man who stands at the top of liv golf, yasir al—rumayyan — who is also the chairman of newcastle united — will be the chairman of this new for—profit entity. but counter to that, ...