LIV Golf eyes bold financial move as Donald Trump | Golf News

The Saudi Arabian backers behind the LIV Golf breakaway league, who additionally own a majority share in Newcastle United, are reportedly planning to broaden their UK portfolio.

The Public Investment Fund (PIF) is alleged to be nonetheless eyeing up two of Britain’s most prestigious golf golf equipment, Wentworth and Centurion. Wentworth, situated in Surrey, serves as the headquarters for the DP World Tour, whereas Centurion, based mostly in Hemel Hempstead, has established itself as one of the UK’s high programs.

Centurion has beforehand hosted LIV Golf occasions, and the PIF’s curiosity in buying these two key areas signifies their intention to additional their affect within the sport. This information follows claims by English professional golfer Eddie Pepperell on ‘The Chipping Forecast’ podcast that he had been reliably knowledgeable that the “PIF are buying Wentworth” – regardless of the declare being rapidly shut down.

The Daily Mail studies that the PIF’s curiosity in securing Wentworth stays high, together with plans to buy Centurion Golf Club, located simply exterior London.

Currently, Wentworth is owned by Chinese firm Reignwood Investments, which purchased the course for over $186.5 million in 2014. The membership hosts the DP World Tour’s flagship occasion, the BMW PGA Championship, making it a vital participant within the fashionable golf panorama.

The Public Investment Fund (PIF) might doubtlessly capitalize on the growing dissatisfaction amongst Wentworth members over Reignwood’s management of the membership. According to a Telegraph report, one member even advised that U.S. President Donald Trump ought to think about taking up the long-lasting venue.

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“Whatever you say about Donald Trump, he has improved Turnberry and Aberdeen [the golf courses he owns in Scotland],” the nameless member advised the publication. “It would be no bad thing if he stepped in and purchased Wentworth. Trump delivers on his promises while Reignwood makes ambitious statements and fails to deliver.”

However, Wentworth officers have been fast to quash any rumors that the membership was on the market, sustaining that they’d no intention of promoting.

“Wentworth Club is not for sale,” a spokesperson for Wentworth acknowledged in November. “There have been numerous expressions of interests in buying Wentworth post-COVID, but Reignwood is committed to its position of long-term investment in the asset.”

Despite this firm stance, the bold Saudi group stays undeterred of their pursuit of a deal. With property totaling roughly $697 billion, the group actually has the financial means to problem its resolve.