Source: CNBC
The kingdom of Saudi Arabia reigns over a giant desert, sitting on top of big pools of oil.
So why, then, is it attempting a hostile takeover of one of the world’s oldest sports — a game played on lush, irrigated expanses of turf, strategically placed water hazards and water-hungry putting greens?
Some of pro golf’s biggest names have been attracted by the deep pockets of the LIV Golf tour, which is backed by Saudi Arabia’s sovereign wealth fund.
This fight — between the PGA and LIV — is very much about money. Billions and billions of dollars.
