Greg Norman and his billionaire Saudi backers are not taking over the Asian Tour, insists the circuit’s chief, after the Australian great’s new company pledged $200 million to create 10 new tournaments.
Nor is the former world number one launching a breakaway “super league” via his plunge into the Asian Tour that shook the golf world, tour commissioner and CEO Cho Minn Thant told AFP.
Norman last month revealed he was the CEO of newly formed LIV Golf Investments, a Saudi sovereign wealth fund-backed company committing $200 million to 10 new global events on the Asian Tour schedule over the next decade.
Scant on detail, the announcement was interpreted by some as the first move in establishing Norman’s oft-touted “super league” that could split men’s professional golf and threaten the dominance of the US PGA Tour.
Such speculation is wide of the mark, Cho said, while acknowledging that Norman has ambitions to create a superstar golf circuit separate to the main tours.—AFP
