Greg Norman to function commissioner of golf league hoping to start play in 2022, compete with PGA Tour

Golf legend and two-time main champion Greg Norman will function the Chief Govt Officer of LIV Golf Investments as a part of an unveiling of 10 new marquee occasions on the tour over the following 10 years, the Asian Tour introduced on Friday. Norman has additionally been tabbed to function commissioner of the brand new Saudi-funded golf league anticipated to compete with the PGA Tour behind an funding of greater than $200 million.

The sequence of occasions is anticipated to start in 2022 with tournaments staged in Asia, the Center East and Europe. The corporate Norman is heading, LIV Golf Investments, is backed by the Public Funding Fund, which is among the largest sovereign wealth funds on the earth that operates on behalf of the Saudi authorities. 

“That is solely the start,” stated Norman in a press launch. “LIV Golf Investments has secured a serious capital dedication that might be used to create additive new alternatives throughout worldwide skilled golf. We might be a cooperative and respectful supporter of the sport at each stage, and at this time’s announcement alongside the Asian Tour is the primary instance of that.

“I’ve been a staunch supporter and believer in taking part in and creating golf in Asia for greater than 4 many years,” he continued. “The Asian Tour is a sleeping large and we share ambition to develop the sequence and unlock what we imagine is critical untapped potential. We see our promotion of those new occasions as an important first step in supporting rising markets, creating a brand new platform, wealthy with taking part in alternatives that create helpful participant pathways.”

Norman, 66, serves as chairman and CEO of Greg Norman Firm, a enterprise in his namesake with 12 divisions that focuses on attire, non-public fairness, golf design and extra. Nevertheless, he’s anticipated to step away from the enterprise to concentrate on his new enterprise with LIV Golf Investments.

“I can not do each,” Norman advised ESPN. “I can not put each toes in each workplace buildings and provides 100% effort. So I made a decision to step away from Greg Norman Firm. I am handing the reins over for the primary time in my life to different people to run my firm.”

Norman received 20 instances on the PGA Tour and 88 instances in the course of the course of his illustrious profession together with twice at The Open Championship. 

“That is the one greatest improvement within the historical past of the Asian Tour and a serious milestone for skilled golf,” Cho Minn Thant, Commissioner and Chief Govt Officer of the Asian Tour, stated in a launch. “The chance will safe unprecedented new taking part in alternatives, set up new participant pathways, enable us to compete commercially with different sports activities, and improve our social agenda.”

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