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PIF launches golf investment company, to create 10 Asian Tour events | Arab News


Source: arabnews.com arabnews.com
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u003Cpu003ErtPALM BEACH, NEY YORK, SINGAPORE: Saudi Arabiau2019s Public Investment Fund has launched LIV Golf Investments and announced former world No. 1 Greg Norman as CEO of the new venture.u003Cbr /u003Ertu003Cbr /u003ErtLIV 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.u003Cbr /u003Ertu003Cbr /u003ErtThe new events will be staged from 2022 across Europe, the Middle East and Asia in a move designed to help bolster the sport following more…

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