Senators to ask PGA Tour execs why they pivoted from slamming rival LIV to merging with it

Published July 11, 2023


Marketplace quotes Helen “Nellie” Drew in an article about the PGA Tour merging with LIV Golf League, which is based in Saudi Arabia. The PGA Tour had a lock on men’s professional golf until the Saudi government’s investment arm poured money into the LIV tour. Team sports in America could face similar circumstances, said Drew, in part because the cost of running a franchise is climbing fast. “So now you’ve got this very limited pool of people in the world who can actually amass the type of capital you need to purchase and run a professional sports franchise,” she said.

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