Mint Explainer: How Saudi Arabia wrangled a seat at golf’s high table
- Sensing friction between pro golfers and the PGA Tour, one of the world’s largest investors used its ties to former US President Donald Trump to grab the reins of the 550-year-old game
In early June, PGA Tour officials and LIV Golf’s owner, Saudi Arabia’s $650-billion Public Investment Fund (PIF), announced a three-way merger that included the European Tour, bringing an end to a ferocious battle for control over golf. The move is ostensibly about more than just administering a sport. It undeniably gives the kingdom and its crown prince, Mohammed bin Salman, a stepping stone to global legitimacy.