Greg Norman has been CEO if LIV Golf since 2021 and helped spearhead the new series that attracted several big-name players. AP
Greg Norman has been CEO if LIV Golf since 2021 and helped spearhead the new series that attracted several big-name players. AP
Greg Norman has been CEO if LIV Golf since 2021 and helped spearhead the new series that attracted several big-name players. AP
Greg Norman has been CEO if LIV Golf since 2021 and helped spearhead the new series that attracted several big-name players. AP

Greg Norman insists LIV Golf 'not going anywhere' despite PGA Tour and PIF deal


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LIV Golf chief executive Greg Norman reportedly said the breakaway tour is "not going anywhere" in a meeting with staff following the unexpected announcement that will see the PGA Tour and DP World Tour become partners with Saudi Arabia's Public Investment Fund (PIF).

On Tuesday, the PGA Tour, DP World Tour and PIF announced that a new for-profit entity would be formed by the three parties, of which the PIF would have a minority equity ownership share. The new entity would be chaired by PIF governor Yasir Al Rumayyan, with PGA Tour commissioner Jay Monahan its chief executive.

The partnership is set to bring to an end ongoing tensions and hostilities between golf's two biggest traditional tours and LIV Golf – the breakaway series created and financed by the PIF and which successfully recruited several of the sport's biggest players.

When asked during a press conference if the new partnership meant LIV Golf still had a future, Monahan said he "can't see that scenario", given the conflicts of interest PIF could potentially face as an investor in the PGA Tour and as the primary financial backer for a rival tour.

By extension, the future has become uncertain for LIV Golf chief Norman, who was only informed of this new partnership moments before Al Rumayyan and Monahan appeared in a television interview with CNBC.

Yet, according to Sports Illustrated, Norman remains defiant that LIV Golf does have a future and shared his confidence with around 100 staff members during a 30-minute call.

"The spigot is now wide open for commercial sponsorships, blue-chip companies, TV networks," the Australian reportedly said.

"LIV is and will continue to be a standalone enterprise. Our business model will not change. We changed history and we're not going anywhere."

Norman's only public reaction to the partnership was a short social media post, where he wrote: "A great day in global golf for players and fans alike. The journey continues!!"

Norman was named chief executive of LIV Golf Investments in 2021 and helped spearhead the launch of the LIV Golf series, which lured several top players with lucrative welcome bonuses and the promise of fewer events for more money played out within a team format.

Norman has been a polarising figure in his role at LIV Golf, with influential players including Tiger Woods and Rory McIlroy previously calling for his removal if relations between LIV Golf and the PGA Tour were ever to become amicable.

The inaugural LIV Golf season, which began in June last year, comprised eight events and featured the likes of former world No 1 Dustin Johnson, six-time major champion Phil Mickelson, and Brooks Koepka – the five-time major winner who last month became the first LIV player to win a major following his triumph at the PGA Championship.

The ongoing 2023 season was expanded to 14 events and will conclude on November 5 with the Team Championship LIV Golf Jeddah.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Premier Futsal 2017 Finals

Al Wasl Football Club; six teams, five-a-side

Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

The specs: 2017 Dodge Ram 1500 Laramie Longhorn

Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km

THE LOWDOWN

Photograph

Rating: 4/5

Produced by: Poetic License Motion Pictures; RSVP Movies

Director: Ritesh Batra

Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz

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Updated: June 08, 2023, 7:50 AM