LIV Golf is named in a lawsuit that claims it copied its format from the Premier Golf League (PGL) and could face an eight figure settlement, The Times of London reported on Thursday.
The PGL was a forerunner to LIV as a potential disruptor of the world of men's golf. It was incorporated in 2019, though the league existed as an idea long before.
PGL's founder, British former corporate finance lawyer Andrew Gardiner, said he had discussed the league with Saudi investors before Golf Saudi, a subsidiary of the kingdom's Public Investment Fund, pivoted and financed its own league, which became LIV Golf.
Gardiner's vision was to create a breakaway golf league that had the world's most elite players compete in 54-hole tournaments, with shotgun starts and no cuts, all of which became implemented by LIV.
The PGL originally sought $60m (R1.1.bn) from LIV Golf, according to The Times, but the league has told its lawyers to seek a resolution out of court, a settlement estimated to be in excess of $12.6m (R242m).
Field Level Media
LIV Golf faces $60m legal challenge over league format
Image: Lucas Peltier-USA TODAY Sports/File Photo
LIV Golf is named in a lawsuit that claims it copied its format from the Premier Golf League (PGL) and could face an eight figure settlement, The Times of London reported on Thursday.
The PGL was a forerunner to LIV as a potential disruptor of the world of men's golf. It was incorporated in 2019, though the league existed as an idea long before.
PGL's founder, British former corporate finance lawyer Andrew Gardiner, said he had discussed the league with Saudi investors before Golf Saudi, a subsidiary of the kingdom's Public Investment Fund, pivoted and financed its own league, which became LIV Golf.
Gardiner's vision was to create a breakaway golf league that had the world's most elite players compete in 54-hole tournaments, with shotgun starts and no cuts, all of which became implemented by LIV.
The PGL originally sought $60m (R1.1.bn) from LIV Golf, according to The Times, but the league has told its lawyers to seek a resolution out of court, a settlement estimated to be in excess of $12.6m (R242m).
Field Level Media
READ MORE:
Erik van Rooyen stays in touch with leaders at Mexico Open at Vidanta
Erik van Rooyen rides front-nine 29 on way to one-stroke lead at Mexico Open
DAVID ISAACSON | New logo or not, Tiger is still Taylormade to win another Major
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos