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The Latest Breaking News from Yasir AlRumayyan

Al-Rumayyan Coy Over PGA Tour Investment In LIV Golf Update

LIV Golf chairman Yasir Al-Rumayyan says his Saudi PIF will evaluate possibly still investing in the PGA Tour in the future

Golf Monthly

LIV Golf Chairman Yasir Al-Rumayyan updates players on potential future investment in PGA Tour Enterprises

The letter comes a day after the PGA Tour secured a $3 billion investment from the Strategic Sports Group.

USA Today Sports Media Group

Lynch: The PGA Tour’s new billions will further enrich players, so when will fans see a return?

This deal likely portends a radical (and long overdue) reassessment of the Tour’s product and operations.

USA Today Sports Media Group

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PGA Tour strikes a $3 billion deal with a sports owners investment group

The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises.

WEKU

PGA Tour Commissioner Jay Monahan invites membership to ‘important’ update on Wednesday

Golfweek also has learned that a Tour Player Advisory Council call is scheduled ahead of the larger update.

USA Today Sports Media Group

PGA Tour 'Close' To Securing $3 Billion Investment Deal That Does Not Initially Include Saudi Public Investment Fund

Strategic Sports Group are set to make a significant investment in the PGA Tour that could push the value of PGA Tour Enterprises up to around $12 billion

Golf Monthly

LIV Golf fumbled the Jon Rahm signing, stalling its momentum for 2024 season

LIV squandered an opportunity to take a much-needed step forward.

USA Today Sports Media Group

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"I Think The Deal Is Going To Come Quicker Than You Think' - Bryson DeChambeau Says Agreement Is Coming 'In A Month Or So'

Bryson DeChambeau says that a final agreement between the Saudi PIF and PGA Tour will be done "in about a month or so"

Golf Monthly

Who Owns LIV Golf?

The circuit has made a huge impact on the game since it launched, but who owns it?

Golf Monthly

Lynch: Ugly allegations about its Saudi partner are a worrying omen for the PGA Tour

On paper, Al-Rumayyan’s latest entanglement could be viewed as a squabble between stooges for a despotic government.

USA Today Sports Media Group

Golf’s Global Plan Faces ‘Huge Financial And Logistical Challenges’ – Paul McGinley

The former DP World Tour board member has questioned the practicality of the global tour idea

Golf Monthly

Newcastle chairman faces £58m lawsuit for ‘carrying out’ malicious instructions

Newcastle United’s chairman, Yasir al-Rumayyan, is alleged to have ‘carried out the instructions’ of Saudi Arabia’s crown prince Mohammad bin Salman with ‘malicious intent’

The Guardian - UK

Newcastle chairman reportedly slapped with £58m lawsuit: What does this mean for the Magpies?

Newcastle chairman Yasir Al-Rumayyan has reportedly been handed a multi-million-pound lawsuit stemming from legal allegations, including citing to harm, silence, and ultimately destroy a former Saudi Arabia intelligence chief’s family

FourFourTwo

Report: LIV Golf chairman Yasir Al-Rumayyan could face $74 million lawsuit in Canadian court

The potential lawsuit comes at a bad time for not just LIV Golf, but also the PGA Tour.

USA Today Sports Media Group

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Golf Monthly

Report: Jay Monahan and Yasir Al-Rumayyan Make 'Substantial' Progress After First Conversation Since June

Jay Monahan and the Public Investment Fund chief are said to be closing in on a historic deal to end golf's long-running civil war

USA Today Sports Media Group

‘I’ve accepted reality:’ Rory McIlroy opens up on LIV Golf, Saudi investment and his role in the negotiations

McIlroy has realized Saudi investment in golf is a good thing, but he wants it to be done the right way.

Top News

PGA Tour Negotiations with LIV Golf Extend into Next Year

The PGA Tour's negotiations with LIV Golf and the Saudi backers extend into next year, bringing excitement and potential partnerships to the golfing world.

USA Today Sports Media Group

Lynch: The power flex by star players could reshape more than just the PGA Tour

What if the players, and the Saudis, want more? Who’s to say a remaking of elite men’s golf ends at the PGA Tour?

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The Guardian - UK

R&A in talks to fund Saudi golf schemes as kingdom’s acceptance grows

The R&A said: ‘Discussions are taking place about supporting potential development projects,’ while there is speculation PIF could use the Open to increase its golf footprint

Golf Monthly

The PGA Tour, LIV Golf And PIF Saga - A Timeline Of Events From 2023

The biggest soap opera ever in golf continued to play out in front of our eyes in 2023 - take a look at the timeline of events from the biggest saga in sport

Golf Monthly

What Will A PGA Tour Deal With PIF Look Like In 2024?

Golf fans are the biggest losers in the continued battles between the PGA Tour and LIV Golf, so what would an ideal solution look like in 2024?

Golf Monthly

'I'm Still Sitting Here' - Greg Norman Hits Back At Critics As He Hopes For PGA Tour-PIF Deal For The 'Betterment Of The Players'

Greg Norman hopes a PGA Tour-PIF deal can be done for the sake of the players, but it won't affect his position at LIV Golf which he says is rock solid

Golf Monthly

Filing Reveals Jay Monahan's 2022 Earnings And PGA Tour's Huge Legal Fees

Sportico reports that the PGA Tour's 2022 IRS filings show a huge increase in Monahan's compensation and the organisation's legal fees

Golf Monthly

Tony Finau Reportedly In Negotiations To Join LIV Golf

The American could be the next high-profile name to leave the PGA Tour after Rahm's big-money switch on Thursday

USA Today Sports Media Group

Lynch: Jon Rahm’s greed isn’t the PGA Tour’s biggest problem. It’s the guys who want Saudi-sized money for staying

The departure of Rahm is more a loss for the PGA Tour than a gain for LIV.

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