• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
In Reprieve for PGA Tour, Rory McIlroy Backs Saudi Deal

Backing Saudi Deal, McIlroy Reprises His Role as PGA Tour’s Backstop

June 7, 2023
Rep. Peltola’s husband was hauling moose meat, antlers when plane crashed

Rep. Peltola’s husband was hauling moose meat, antlers when plane crashed

September 28, 2023
Gersh In Talks To Acquire A3’s Digital & Unscripted Departments – The Dish

Gersh In Talks To Acquire A3’s Digital & Unscripted Departments – The Dish

September 28, 2023
FBI arrests Proud Boys member who disappeared days before sentencing

FBI arrests Proud Boys member who disappeared days before sentencing

September 28, 2023
California man learns his fate after disgusting encounter with teen girl on cross-country Delta flight

California man learns his fate after disgusting encounter with teen girl on cross-country Delta flight

September 28, 2023
‘Southern Charm’ Episode 3 Recap: Taylor Emerges as This Season’s Villain

‘Southern Charm’ Episode 3 Recap: Taylor Emerges as This Season’s Villain

September 28, 2023
Why Melania Trump may want to revisit her prenup with Donald Trump

Why Melania Trump may want to revisit her prenup with Donald Trump

September 28, 2023
China Investor Gloom on Property Reaches Record, Survey Finds

China Investor Gloom on Property Reaches Record, Survey Finds

September 28, 2023
Poll finds second GOP debate had a clear winner and two candidates who did well

Poll finds second GOP debate had a clear winner and two candidates who did well

September 28, 2023
EU poised to agree new rules for asylum-seekers and migrants

EU poised to agree new rules for asylum-seekers and migrants

September 28, 2023
Trump campaigns to save whales but not cocaine-snorting airline pilots

Trump campaigns to save whales but not cocaine-snorting airline pilots

September 28, 2023
The Netflix documentaries that subscribers can’t get enough of right now

The Netflix documentaries that subscribers can’t get enough of right now

September 28, 2023
1 wounded in shooting at protest over statue of Spanish conquistador

1 wounded in shooting at protest over statue of Spanish conquistador

September 28, 2023
DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Backing Saudi Deal, McIlroy Reprises His Role as PGA Tour’s Backstop

June 7, 2023
in News
In Reprieve for PGA Tour, Rory McIlroy Backs Saudi Deal
505
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Rory McIlroy is still seething, still edgy, still eager to bludgeon LIV Golf, the Saudi-backed league that he has spent much of the past year denigrating as a compromised interloper.

“I hate LIV,” McIlroy, one of the new circuit’s most fearsome critics, said on Wednesday. “Like, I hope it goes away, and I would fully expect that it does.”

He also appears begrudgingly accepting of what PGA Tour executives believe is reality, bruising and humbling as it might be: that the surest way to defang LIV is through a partnership that positions the tour to collect the kind of Saudi money it has denounced.

McIlroy’s calculation, which he detailed a day after the tour and Saudi executives blindsided the golf world with the announcement of an agreement that had been hammered out in secret, is not the final word on a pact that is still formally tentative. But his acquiescence instantly fortified the deal’s prospects, not least because McIlroy, one of the most prominent players in the world, is one of the handful who sit on the PGA Tour’s board.

Despite McIlroy’s quest to banish the burden of being one of the tour’s eminent spokesmen, he is still one of its most dependable backstops.

It is a role he has said has distracted from his game. Given the tumult into which the PGA Tour lurched this week, he might be in the gig for a while.

Beyond removing a prospective boardroom barrier, McIlroy’s endorsement of the deal — which would create a PGA Tour-controlled, Saudi-funded company to handle the business dealings of the rival circuits — means that he has effectively signed up for the task of persuading a disoriented public that the PGA Tour remains a worthy, defensible venture.

He conceded Wednesday that the tour’s lucrative shift was “hypocritical.” He confessed to a sense of betrayal, saying, “It’s hard for me to not sit up here and feel somewhat like a sacrificial lamb and feeling like I’ve put myself out there and this is what happens.” He acknowledged “ambiguity” in the deal and said he did not “understand all the intricacies of what’s going on.”

But his sales pitch for the agreement, qualified as it was, was perhaps the least muddled glimpse of the tour’s playbook for the weeks and months ahead. It may not quell the storm inside the circuit on which he staked his reputation. After all, few people take pleasure in being out of the loop, and hardly anyone inside the tour knew of its leadership’s private dealings with Yasir al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund.

Although McIlroy’s guarded support does not guarantee the deal’s path, it assuredly eases it, even if, as the world’s third-ranked player, he is already finding himself trying to explain the nuances of corporate structures.

Peering a decade into the future, McIlroy predicted that the agreement would be “good for the game of professional golf.”

“There’s a lot of things still to be sort of thrashed out,” McIlroy said Wednesday in Toronto, where a tour event is scheduled to begin Thursday. “But at least it means that the litigation goes away, which has been a massive burden for everyone that’s involved with the tour and that’s playing the tour, and we can start to work toward some sort of way of unifying the game at the elite level.”

The finer points of the new partnership between the PGA Tour and the Saudis are still unclear. But once the new company is built out, the tour is expected to hold a majority of the board seats. The upshot for the Saudis, besides the promise of exclusive rights to invest in the company, is that al-Rumayyan is in line to be the company’s chairman.

The Saudi wealth fund, which is slinging cash all over global sports, effectively forced the tour’s hand — and, by extension, McIlroy’s. By Wednesday morning, not much more than a day after McIlroy had received his initial briefing about the arrangement, he said he had “come to terms” with the prospect that Saudi money would underwrite golf well into the future.

“I see what’s happened in other sports, I see what’s happened in other businesses, and honestly, I’ve just resigned myself to the fact that this is what’s going to happen,” McIlroy said. “It’s very hard to keep up with people that have more money than anyone else.”

A measure of control over how Saudi money might race through golf, McIlroy and others figured, was worth something — particularly if McIlroy, as he said Wednesday, was desperate to “protect the future of the PGA Tour and protect the aspirational nature of what the PGA Tour stands for.”

“If you’re thinking about one of the biggest sovereign wealth funds in the world, would you rather have them as a partner or an enemy?” McIlroy asked. “At the end of the day, money talks, and you would rather have them as a partner.”

McIlroy, not particularly giddy about meeting a band of reporters the day after the tour’s public gut punch, said he would soon turn his attention back to golf, pounding balls on the driving range and looking for a victory ahead of next week’s U.S. Open in Los Angeles.

A win could come there, or in Toronto this weekend.

But the tumult is not over, not by a long shot, not while McIlroy’s prized tour tries to figure out what to do with the circuit he despises. Until it does, McIlroy is most likely stuck with two tests: conquering golf tournaments — and somehow defending a tour that suddenly looks a little more like the one he so often lashed.

The post Backing Saudi Deal, McIlroy Reprises His Role as PGA Tour’s Backstop appeared first on New York Times.

Share202Tweet126Share

Trending Posts

Ukraine updates: IAEA tells Russia to leave Zaporizhzhia

Ukraine updates: IAEA tells Russia to leave Zaporizhzhia

September 28, 2023
Netflix Nicole Kidman Limited Series ‘The Perfect Couple’ Resumes Shooting Post WGA Strike Sans Stars

Netflix Nicole Kidman Limited Series ‘The Perfect Couple’ Resumes Shooting Post WGA Strike Sans Stars

September 28, 2023
Russia-Ukraine war: List of key events, day 583

Russia-Ukraine war: List of key events, day 583

September 28, 2023
Australia to retire Taipan helicopter fleet early after crash

Australia to retire Taipan helicopter fleet early after crash

September 28, 2023
The 2023 harvest moon is also the last supermoon of the year. Here’s the best time to see it when it rises Friday.

The 2023 harvest moon is also the last supermoon of the year. Here’s the best time to see it when it rises Friday.

September 28, 2023
In Alabama, White Tide Rushes On

In Alabama, White Tide Rushes On

August 22, 2023

Copyright © 2023.

Site Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2023.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT