A senator from Oregon introduced legislation week that would strip the PGA Tour of its tax-exempt status. Sen. Ron Wyden (D-Ore.), chair of the Senate finance committee, introduced two bills Wednesday, the Sports League Tax-Exempt Status Limitation Act and the Ending Tax Breaks for Massive Sovereign Wealth Funds Act. “Most of America’s big pro sports leagues gave up their tax exemptions voluntarily when their revenues climbed into the stratosphere, and they hadn’t even shamed themselves with Saudi blood money,” Wyden said.
Two top officials of the PGA Tour said the sport’s governing body had no choice but to reach a truce in its yearlong battle with LIV Golf and try to reach a merger with the Saudi-funded tour. The comments came during a contentious Senate hearing Tuesday at which the truce between the PGA Tour and LIV Golf, as well as the Saudi government, were subject of harsh criticism from senators.
Former AT&T chairman Randall Stephenson resigned from the PGA Tour’s policy board over concerns about the tour’s proposed partnership with Saudi Arabia’s national wealth fund, The Washington Post reported. The PGA Tour confirmed the resignation in a memo to its members, referring to Stephenson’s “exemplary service” for more than 12 years.
the PGA Tour and European tour agreed to a merger with Saudi Arabia’s golf interests, creating a commercial operation designed to unify professional golf around the world. As part of the deal, the sides are dropping all lawsuits involving LIV Golf against each other effective immediately.
The old league’s reforms have its deep-pocketed rival sputtering again.
A federal magistrate judge denied LIV Golf’s sovereign immunity claims and ruled that its Saudi Arabian benefactors are subject to discovery, must turn over relevant information and sit for depositions. The ruling marks a significant victory for the PGA Tour in its legal battle with LIV Golf and could hold implications beyond the antitrust case that has divided the golf world. Abpve. LIV Golf CEO Greg Norman (l) and Yasir al-Rumayyan, governor of Public Investment Fund of Saudi Arabia. (Charles Rex Arbogast/AP)
It starts in prime time on Saturday night from Torrey Pines, an early finish to avoid the NFL conference championship games. And for the first time, CBS will have the entire FedEx Cup playoffs as part of an alternating schedule with NBC. CBS, which for years has carried the most tournaments, this year will have 23.
Sports leagues are launching new digital events and competitions to connect audiences with their name and brand — even if it means viewers won’t always be watching the sport itself. Leagues are seeking out a newer and younger audience to gain more ground in our ever-more-online daily lives. Above: A rendering of the new TGL golf league with the PGA Tour. (Photo courtesy of TMRW Sports Group)
Professional golf arrived at a crossroads Thursday as an insurgent, Saudi-backed tour teed off on a tree-lined course outside London and the PGA Tour suspended the 17 players who had defected, turning what would normally be a sleepy weekday on the golf schedule into one of the strangest and most consequential days in the history of a sport suddenly on the precipice of seismic change.
DraftKings is enhancing its sports sponsorship portfolio as leagues continue to resume operations suspended due to Covid-19. The betting company announced it secured a deal with the PGA Tour that assigns DraftKings as the organization’s “first betting operator.” The agreement is an extension of DraftKings’ “content and marketing relationship” with the PGA Tour established last July. That deal also allows DraftKings to offer fantasy golf content.
FORT WORTH, Texas (AP) — Even without any fans to cheer, there was quite a reaction to a birdie during the PGA Tour’s return — a very audible “F-bomb” at […]
In announcing the broadcast and productions plans for the return to golf, CBS Sports Chairman Sean McManus said the network would have what solo announcer Jim Nantz dubbed a “confession cam.” Players would walk into a tent during the round and talk briefly into a remote camera. McManus also said the network has been working more aggressively to have players wear microphones, and that CBS already has received commitments from some players.
PGA Tour officials are expected to announce this week their intention to resume the tour season, halted due to the COVID-19 pandemic, on June 11-14 at the Charles Schwab Challenge, multiple sources have told Golf Digest. It’s also expected that fans will not be allowed to attend that first tournament at Colonial Country Club in Fort Worth, Texas.
The PGA Tour has canceled all of its events through May 10 amid the COVID-19 pandemic, the Tour announced Tuesday. Last Thursday, it canceled all events up through the Masters Tournament in early April. The Masters was then postponed Friday morning. No date has been announced for the 2020 Masters at Augusta National.
The PGA Tour, the organizer of the main professional men’s golf tours in the U.S., has struck a new nine-year deal with CBS Sports, NBC Sports and ESPN that significantly raises the costs of bringing golf to U.S. fans while gaining new traction for digital coverage of the sport.
The Wall Street Journal reports the PGA Tour is seeking a new media-rights deal with a big increase in fees and a dedicated golf channel, and has drawn interest from suitors including AT&T Inc., Fox Corp., Walt Disney Co.’s ESPN and Amazon.com. Journal subscribers can read the full story here.
KAPALUA, HAWAII (AP) — The PGA Tour might be taking another step toward connecting players with television viewers. Several years ago, it asked players in contention on the weekend to allow for […]
Discovery’s $2 billion swing at the international golf market is taking shape, with its upcoming streaming service to be branded “GolfTV.” The OTT service will launch around the world at the beginning of 2019 and have live PGA Tour coverage in a raft of territories at launch. More territories will get the live coverage in the next four years as existing rights deals play out.
The PGA Tour launched its first ad-supported streaming over-the-top video channel on smart TV devices as part of a partnership with streaming TV company Xumo. The channel, which went live on Xumo over the weekend, will include live coverage of matches, as well as highlights, recaps, interviews and tournament previews.
The PGA Tour can opt out of its media deals with CBS and NBC in 2018, and tour executives already have reached out to several media companies to gauge their interest in bidding for a package of rights or, potentially, helping the tour launch its own channel.
With the current contract running through 2012, the new nine-year agreements with CBS and NBC will extend from 2013 through the 2021 season, coinciding with the remaining years of the PGA Tour’s exclusive 15-year cable television agreement with Golf Channel that began in 2007.