‘Greed Kills’: Fans Left Triggered Following Latest Setback for $620 Billion Worth LIV Golf Sponsor, Courtesy of the PGA Tour

The PGA Tour pressed charges against the PIF, the Saudi-based sponsoring company of LIV Golf. The organization also wants to sue PIF’s governor, Yasir Al-Rumayyan. The move came months after the LIV golfers filed an antitrust lawsuit against the Tour for suspending them. 

Reports from various media outlets suggest that the American golf organization for touring professionals intends to depose Al-Rumayyan with the lawsuit. Moreover, they want the Public Investment Fund (PIF) to produce documents related to LIV as part of their legal battle with them. They also hope the company releases documents to PGA Tour attorneys through discovery. 

Golf world’s reaction to new PGA Tour lawsuit against their Saudi-based rival league

Since the inception of the LIV Golf Invitational Series, the American golf Tour organization considers it as its rival. The Tour denied its players from joining the new league. The officials suspended its golfers when they signed for the LIV Series. 

Read more: Dustin Johnson Reflects on Creating a ‘Dynasty’ in LIV Golf

Eleven league players, including Phil Mickelson and Bryson DeChambeau, sued the Tour at the Northern Court of California to challenge their suspensions. And now, the Tour wants to dominate the legal battle with LIV Golf and has filed a lawsuit against the Saudi-backed company and its governor. However, not many fans think it is a wise move from the Tour. 

Most fans were against the Tour’s new move against LIV as they thought both the Tours want money and nothing else. However, some still supported their decision as it is one of the major setbacks the LIV Series faced lately.  

Why do fans think the Tour will go ‘bankrupt’ if they sue PIF and its governor in court? 

With its $620 billion worth of total assets, the Public Investment Fund ranks 5th among the largest sovereign wealth funds in the world. Apart from sponsoring LIV Golf Invitational Series, the sovereign fund also owns a large share of the Newcastle United Football Club. $620 billion is said to be the net worth of the Saudi-based organization, including all its assets. 

Furthermore, Al-Rumayyan is not only the governor of PIF but the chairman of Golf Saudi. He decorates the same position for the Premier League’s Newcastle United F.C. and the oil company Saudi Aramco. 

Although PGA Tour is the largest golf organization for touring professionals in the world, it is nothing compared to PIF. The Saudi-based sovereign wealth fund has a lot of money, and even if the Tour wins the lawsuit against them, it won’t affect them much. However, if Tour loses, some fans think the organization could go “bankrupt.” 

Watch This Story: Embarassing LIV Golf Revelation Overshadows Million Dollar Happy Ending as Fans Throw Jabs at Greg Norman’s Tour

What do you think of Tour’s decision to fight against LIV Golf’s sponsors in the legal battle? Let us know in the comment section below.