Golf deal clears hurdle as PGA Tour, Saudis dismiss lawsuits

Malaysia News News

Golf deal clears hurdle as PGA Tour, Saudis dismiss lawsuits
Malaysia Latest News,Malaysia Headlines
  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

The PGA Tour and its Saudi rival-turned-partner filed to dismiss their lawsuits in federal court, formally ending the costly legal battle that divided the golf world and clearing an early hurdle for an agreement both sides hope will stabilize the sport.

But the dismissal was a key component of the deal brokered by the tour and the Saudi Public Investment Fund , turning feuding courtroom combatants into allies, and is considered by the parties to be an important early step. The entire partnership was contingent on the dismissal, and both sides were eager to end the litigation as soon as possible — even before they formalized the details of their new relationship or crafted terms of the final agreement.

With the legal fight formally settled, the PGA Tour and PIF will continue sorting out details of the broader agreement. The two sides initially hoped that process could be completed in a matter of weeks. Backlash to the deal was significant, particularly from PGA Tour players who felt blindsided, and tour officials now say it could be several months before the final terms are agreed upon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

washingtonpost /  🏆 95. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Justice Department to investigate PGA Tour-LIV Golf pact - WSJUS Justice Department to investigate PGA Tour-LIV Golf pact - WSJThe US Justice Department will investigate the PGA Tour's plan to merge with Saudi-backed LIV Golf, the Wall Street Journal reported. The PGA Tour, DP World Tour and rival LIV circuit had previously been involved in a bitter fight that split the sport
Read more »

Justice Department looking into PGA Tour deal with LIV Golf’s Saudi backersJustice Department looking into PGA Tour deal with LIV Golf’s Saudi backersThe Justice Department has begun to examine an agreement between the PGA Tour and Saudi Arabian backers of LIV Golf to determine whether it violates federal antitrust statutes, a person familiar with the matter told The Associated Press.
Read more »

US Justice Department to investigate proposed PGA Tour-LIV Golf deal, per WSJ | CNNUS Justice Department to investigate proposed PGA Tour-LIV Golf deal, per WSJ | CNNThe US Department of Justice is to investigate the planned partnership between the PGA Tour and the Saudi Public Investment Fund (PIF), which owns LIV Golf, over antitrust concerns, according to the Wall Street Journal citing people familiar with the matter.
Read more »

US Justice Department to investigate PGA Tour-LIV Golf pact, Wall Street Journal reportsUS Justice Department to investigate PGA Tour-LIV Golf pact, Wall Street Journal reportsThe U.S. Justice Department will review the PGA Tour's plan to merge with Saudi-backed LIV Golf to determine if it violates antitrust law, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Read more »

U.S. lawmakers open probe into PGA Tour-LIV Golf planU.S. lawmakers open probe into PGA Tour-LIV Golf planThe PGA Tour's plan to create a new professional golf entity with Saudi Arabia-backed LIV Golf is drawing intense scrutiny from Capitol Hill.
Read more »

DOJ Officially Launches Probe Into PGA Tour-LIV Golf MergerDOJ Officially Launches Probe Into PGA Tour-LIV Golf MergerJoe Biden's Department of Justice has informed the PGA Tour that it has officially launched a probe into its proposed LIV Golf merger.
Read more »



Render Time: 2025-02-25 14:39:53