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PLOT TWIST!!! SBR: Graeme McDowell & LIV golf tour
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RE: Graeme McDowell & LIV golf tour
Mickelson and DeChambeau's antitrust suit against the PGA and the PGA's countersuit against them and LIV golf is in progress. The judge has ruled that Yasir Al-Rumayyan, who runs Saudi Arabia's Public Investment Fund, must sit for a deposition and produce documents. Betcha twenty bucks that he refuses. The claim is that the PIF is just an investor in LIV Golf, but they put in two billion dollars, which is a bit different from "just an investor".

"It is plain that PIF is not a mere investor in LIV; it is the moving force behind the founding, funding, oversight and operation of LIV," van Keulen wrote in the ruling. "PIF's actions are indisputably the type of activities by which a private party engages in trade and traffic or commerce. Accordingly, the court concludes that PIF has engaged in commercial activity.

PIF and Al-Rumayyan had argued that they were merely investors in LIV Golf, which is being fronted by two-time Open Championship winner Greg Norman, and weren't involved in the day-to-day operations or recruitment of players. PIF has invested more than $2 billion in LIV Golf, which begins its second season in Mexico next week.

The PGA Tour's lawyers had argued that Al-Rumayyan personally recruited players and "played an active role in contract negotiations, and expressly approved each of the player contracts -- all while knowing that these deals would interfere with the players' tour contracts." In her ruling, van Keulen agreed with the PGA Tour."

https://www.espn.com/golf/story/_/id/356...l-rumayyan
02-18-2023 01:51 PM
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RE: Graeme McDowell & LIV golf tour - UAB Band Dad - 02-18-2023 01:51 PM



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