The PGA agrees to team up with its golfing arch-enemy
Saudi Arabia buys membership of golf’s most exclusive club
Many a business deal is sealed on the golf course. So it was on June 6th, when America’s PGA Tour and Europe’s DP World Tour, the biggest organising bodies in men’s golf, said they had agreed to merge with LIV Golf, a Saudi Arabian upstart. The merger, which will reportedly see LIV’s backers invest around $3bn in the combined entity, ends a costly split in the game and gives the Saudis membership of one of the most august clubs in sport.
Explore more
This article appeared in the Business section of the print edition under the headline “Whole in one”
Business June 10th 2023
- Apple’s Vision Pro is a technical marvel. Will anyone buy it?
- Generative AI could radically alter the practice of law
- PwC has disgraced itself down under
- The PGA agrees to team up with its golfing arch-enemy
- German bosses are depressed
- Why Sequoia Capital is sawing off its Chinese branch
- Why employee loyalty can be overrated
- What TIM’s mega-spin-off reveals about Europe’s telecoms industry
From the June 10th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Business
Will Mark Zuckerberg’s Trump gamble pay off?
He risks making enemies elsewhere
Alcohol-free booze is becoming big business
But will it ever be as good?
A new electricity supercycle is under way
Why spending on power infrastructure is surging around the world
MAGA’s war on talent frightens CEOs—and angers Elon Musk
American businesses’ ability to tap the world’s human capital is under threat
Beware the dangers of data
Numbers have an authority that disguises their flaws
Meet Silicon Valley’s shrewdest talent spotters
An elite group of early-stage investors make supersized returns