The LIV Golf tour, the breakaway circuit bankrolled by Saudi Arabia’s sovereign wealth fund, generated ‘virtually zero’ revenue during its first season
tour, the breakaway circuit bankrolled by Saudi Arabia’s sovereign wealth fund, generated “virtually zero” revenue during its first season, its lawyers admitted in US federal court documents filed on Monday.
“Delay will equally harm LIV because the Tour continues its anticompetitive conduct while the litigation is pending,” LIV Golf’s lawyers wrote in the motion obtained by the Guardian. “The Tour has damaged LIV’s brand, driven up its costs by hundreds of millions of dollars, and driven down revenues to virtually zero.”
to draw some of golf’s biggest names, including Phil Mickelson, Dustin Johnson, Brooks Koepka and Bryson DeChambeau, with $25m prize purses, nine-figure signing-on fees and gaudy perks such as the use of private jets.using sports to distract from the kingdom’s dismal human rights record In Monday’s motion, LIV Golf’s lawyers went on to accuse the PGA Tour of undermining the careers of several of the breakaway circuit’s players, including Matt Jones and Peter Uihlein,by PGA Tour commissioner Jay Monahan for participating in LIV Golf events without releases.
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