Tiger Woods has to be beside himself after learning about the recent PGA Tour-LIV golf merger.
On Tuesday morning, CNBC reported that LIV gold and the PGA tour will be setting aside all of their differences and will merge into one business entity.
The PGA Tour has agreed to merge with LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise. https://t.co/bSvvRv9Uzu pic.twitter.com/iZUUOIKQog
— CNBC (@CNBC) June 6, 2023
The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise.
The two entities signed an agreement that would combine the PGA Tour and LIV Golf’s commercial businesses and rights into a new, yet-to-be-named for-profit company. The agreement includes DP World Tour, also known as the European PGA Tour.
LIV Golf is backed by the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince and has been embroiled in antitrust lawsuits with the PGA Tour in the last year. The deal announced Tuesday would end all pending litigation.
It is worth noting that just last year, LIV golf CEO Greg Norman spoke about Woods turning down a massive contract from LIV.
According to Norman, Woods would have been paid around $700-800 million by the Saudis.
Tiger Woods turned down an offer between $700 million and $800 million to join the LIV Golf Invitational Series, LIV Golf CEO Greg Norman confirmed in an interview that aired Monday night.
Fans immediately brought up Woods after the LIV-PGA merger was announced.
PGA told tiger to turn the 700 Ms down just to take the Saudi money themselves lol. Don't get played by corporate entities they almost always take the money.
— Kings (@Drkingsbruh) June 6, 2023
Tiger Woods reportedly turned down more than $700 MILLION from LIV Golf and now they merged with the PGA Tour, my God
— Adam Kaufman (@AdamMKaufman) June 6, 2023
With this LIV/PGA merger can we now call Tiger Woods the biggest bag fumbler of all time?
— Jerry (@Paranormal_Bass) June 6, 2023
Tiger Woods declined basically a Billion Dollar contract only for LIV to get in bed with the PGA … Jesus Christ
— Super Bowl Bound (@SaintLamont_) June 6, 2023