{"id":68858,"date":"2023-06-06T14:51:53","date_gmt":"2023-06-06T18:51:53","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/stephen-a-smith-loves-pga-tour-merger-with-liv-calls-it-a-smart-business-move-68858"},"modified":"2023-06-06T14:51:53","modified_gmt":"2023-06-06T18:51:53","slug":"stephen-a-smith-loves-pga-tour-merger-with-liv-calls-it-a-smart-business-move","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/stephen-a-smith-loves-pga-tour-merger-with-liv-calls-it-a-smart-business-move-68858","title":{"rendered":"Stephen A. Smith \u2018loves\u2019 PGA Tour merger with LIV, calls it a \u2018smart business\u2019 move"},"content":{"rendered":"
\n

Tuesday\u2019s bombshell news that the PGA Tour<\/u><\/a>, DP World Tour and LIV Golf would merge in order to “\u200b\u200bunify the game of golf, on a global basis” took almost everybody by surprise.\u00a0<\/p>\n

The agreement ends “two years of disruption and distraction” between the PGA and the Saudi-backed invitational<\/u><\/a> while creating a “transformational partnership” between the three entities.\u00a0<\/p>\n

While many are unhappy with the agreement, one ESPN analyst is a big fan of the move.<\/p>\n

PGA TOUR ANNOUNCES LANDMARK MERGER WITH SAUDI-BACKED LIV GOLF<\/u><\/strong><\/a><\/p>\n

“I love it. I love it,” Stephen A. Smith<\/u><\/a> said Tuesday. “And I want to take a moment to do something that I\u2019d ever thought I do on national television and that\u2019s give PGA Commissioner Jay Monahan some love and some credit here.\u00a0<\/p>\n

“This is smart business on his part. Make no mistake about it.”\u00a0<\/p>\n

Despite LIV Golf receiving a ton of backlash following their inception, Smith said he never had a problem with where LIV received its funding as the “United States of America<\/u><\/a> does business with Saudi Arabia.”<\/p>\n

“So, if our government can do business with them, and folks aren’t making so much noise about that, why are you making noise about golfers? I never wanted to hear that. I never took that issue seriously,” Smith said.<\/p>\n

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM<\/u><\/strong><\/a><\/p>\n

“This is America. We\u2019re in a capitalistic society. We do business globally not just nationally. That\u2019s the way of the world. So for me, to see the PGA commissioner, Jay Monahan, really come to his senses and go about the business of making sure to omit and eradicate these lawsuits \u2026 I think it was a beautiful, beautiful thing. I absolutely loved it.”\u00a0<\/p>\n

The news of the merger broke shortly after 10 a.m. ET on Tuesday, with Monahan releasing a statement regarding the partnership.\u00a0<\/p>\n

“This transformational partnership recognizes the immeasurable strength of the PGA TOUR\u2019s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV \u2013 including the team golf concept \u2013 to create an organization that will benefit golf\u2019s players, commercial and charitable partners and fans,” Monahan said in a press release.\u00a0<\/p>\n

He continued, “Going forward, fans can be confident that we will, collectively, deliver on the promise we\u2019ve always made \u2013 to promote competition of the best in professional golf and that we are committed to securing and driving the game\u2019s future.”<\/p>\n

The new agreement will merge the Saudi Public Investment Fund\u2019s<\/u><\/a> (PIF) golf-related businesses, which include LIV Golf, with that of the PGA Tour and the DP World Tour into a “\u200b\u200bnew, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game\u2019s best players.”\u00a0<\/p>\n

Fox News\u2019 Paulina Dedaj contributed to this report.<\/i><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/sports\/stephen-a-smith-loves-pga-tour-merger-liv-calls-smart-business-move <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tuesday\u2019s bombshell news that the PGA Tour, DP World Tour and LIV Golf would merge in order to “\u200b\u200bunify the game of golf, on a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-68858","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nStephen A. 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