“Saudi Arabia Now Runs Professional Golf Globally”: $620 Billion Guardian Al-Rumayyan’s Ascent Seen As Final Nail in PGA Tour’s Coffin
“Saudi Arabia Now Runs Professional Golf Globally”: $620 Billion Guardian Al-Rumayyan’s Ascent Seen As Final Nail in PGA Tour’s Coffin
Yasir Al-Rumayyan, the head of Saudi Arabia’s $620 billion investment fund and a well-known person in the world of finance, has unexpectedly become a powerful force in the world of professional golf. Al-Rumayyan’s rise has shocked the industry with his recent nomination as chairman of the recently founded PGA-LIV Golf organization, and many people think that this is the last straw for the PGA Tour as we know it.
The future of professional golf is uncertain as the golfing community takes in the news of Al-Rumayyan’s most recent victory. Will his influence change the sport, or will powerhouse organizations be able to keep control? Only time will tell as the world attentively monitors this powerful Saudi businessman’s upcoming actions.
The landscape of the sport has changed as a result of the establishment of the PGA Tour-LIV Golf entity, with Al-Rumayyan serving as chairman. There is much talk of Al-Rumayyan being the main golf investor thanks to his financial clout, which might change the balance of power and bring about the demise of the PGA Tour. There are growing worries within the business that the old structure of professional golf may experience severe disruptions in the years to come, but it is still unclear how this will play out.
