Greg Norman heads Saudi-backed investment for Asian Tour

KIFI

Published October 29, 2021 11:42 AM

By DOUG FERGUSON
AP Golf Writer

Greg Norman is heading up a new company that for starters is adding 10 tournaments to the Asian Tour in a 10-year deal backed by a $200 million commitment. It’s called LIV Golf Investments. The majority of funding is from Saudi Arabia’s Public Investment Fund chaired by Crown Prince Mohammad bin Salman. Still to be determined is whether this lays the groundwork for a super league with top players getting guaranteed riches. Norman tried unsuccessfully in 1994 to start a world tour. Norman says this is only the beginning. He says the 10-event series will start next year.

Article Topic Follows: AP National Sports

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.