PIF launches golf investment company, to create 10 Asian Tour events
Aran News Saudi Arabia30 Oct, 2021News
PALM BEACH, NEY YORK, SINGAPORE: Saudi Arabia?s Public Investment Fund has launched LIV Golf Investments and announced former world No. 1 Greg Norman as CEO of the new venture. LIV has created 10 new events to be staged annually on the Asian Tour over the next decade with $200 million of backing, including prize funds, making it one of the biggest single investments ever in professional golf, LIV said in a statement.
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