Greg Norman Asserts LIV Golf's Strong Position Amid PGA Tour-PIF Negotiations, Confirms 2024 Schedule and Sale of Team Ownership Stakes
LIV Golf remains independent after framework agreement, with confirmed 14-event schedule and plans to expand player roster and sell team ownership stakes despite PGA and PIF negotiations.
- Greg Norman, the public face of LIV Golf, confirms the league's strong position despite the ongoing agreement between the PGA Tour and the Saudi Arabian Public Investment Fund (PIF). He emphasizes that LIV will continue to exist independently.
- Norman cites no concern over his future within LIV, stating he didn't need to be part of the framework agreement as 'the success was happening here' with LIV.
- LIV is proceeding with its plan to sell ownership stakes in its 12-team franchises. Team captains currently own 25% of their franchises, with the league owning the remaining 75%. The valuation for these franchises is yet to be outlined.
- There is an uptick in interest from potential buyers and talks about additional PGA Tour players joining LIV, according to Norman. Prominent golfers like Phil Mickelson indicate a new 'wave' of player migration during the league's offseason.
- LIV confirms a 14-event schedule for 2024, with eight events taking place in the USA and six abroad. These plans also include LIV Golf Promotions, a three-day tournament in December at Abu Dhabi Golf Club to recruit new players.