The PGA Tour and DP World Tour announced on Tuesday that they have merged their commercial operations with the Saudi-backed LIV Golf and ended all litigation, bringing to a close the sport’s bitter two-year rift.In a bombshell agreement that caught the golf world by surprise, the US-based PGA Tour said they had signed an agreement that combines its activities with the Saudi financiers’ golf-related businesses and those of the DP World Tour to form “a new collectively owned, for-profit entity”.LIV Golf was launched in October 2021 and lured top PGA Tour talent with record $25mn purses and money guarantees. The competition is currently in its second season.The PGA Tour responded to the emergence of a rival tour by banning LIV players while the DP World Tour has handed out heavy fines to its players. The rift had led to a series of lawsuits and caused acrimony between players such as major winners Phil Mickelson and Brooks Koepka, who signed lucrative deals with LIV, and those such as Rory McIlroy and Tiger Woods, who remained loyal to the PGA Tour.“After two years of disruption and distraction, this is a historic day for the game we all know and love,” said PGA Tour commissioner Jay Monahan.“This transformational partnership recognises the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV - including the team golf concept - to create an organisation that will benefit golf’s players, commercial and charitable partners and fans,” he added.The deal was given swift backing by six-time major winner Mickelson, the most prominent of the defectors to the LIV Tour.“Awesome day today,” tweeted Mickelson above a link to a news story on the merger. But PGA Tour players were clearly taken aback by the news taking to social media to express their surprise.“Nothing like finding out through Twitter that we’re merging with a tour that we said we’d never do that with,” wrote Canadian Mackenzie Hughes.The name of the new merged entity and the precise structure of the tours has yet to be announced but the PGA Tour said that the parties had agreed to “establish a fair and objective process for any players who desire to re-apply for membership with the PGA Tour or the DP World Tour following the completion of the 2023 season”.The Board of Directors of the new commercial entity will have the Saudi Public Investment Fund (PIF) governor Yasir al-Rumayyan as chairman and Monahan as Chief Executive Officer.There was noticeably no mention of LIV chief executive Greg Norman in the statements.Norman’s combative approach to the conflict had seen him recently snubbed by Augusta National who did not offer him an invite to April’s Masters tournament.In November, McIlroy, who was the most prominent backer of the PGA Tour amongst the players, said that Norman was an obstacle to any deal between the two parties.“I think Greg needs to go. I think he just needs to exit stage left,” said the Northern Irishman. “No one is going to talk unless there’s an adult in the room that can actually try to mend fences.”It was unclear if the announcement would impact on LIV’s current season. The tour’s next event is on June 30 at Valderrama in Spain. The PGA Tour statement said that the team element, introduced by LIV, would be part of the future plans.“Today is a very exciting day for this special game and the people it touches around the world,” said al-Rumayyan.“We are proud to partner with the PGA Tour to leverage PIF’s unparalleled success and track record of unlocking value and bringing innovation and global best practices to business and sectors worldwide.“There is no question that the LIV model has been positively transformative for golf.“We believe there are opportunities for the game to evolve while also maintaining its storied history and tradition. This partnership represents the best opportunity to extend and increase the impact of golf for all.”The announcement comes as Saudi football clubs are poised to make a series of major investments, backed by PIF, to sign big-name players.Yesterday, Real Madrid’s Ballon d’Or winner Karim Benzema signed for Saudi Arabia’s Al Ittihad for three years starting next season, a source in the Jeddah-based club told AFP.If the move is confirmed, Benzema will join his former Real Madrid teammate Cristiano Ronaldo in the Gulf kingdom.Saudi Arabia has drawn up a list of more than 10 top international players that it wants to lure to its league, a source close to the negotiations has told AFP.
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His Highness the Amir Sheikh Tamim bin Hamad Al-Thani and the President of the Republic of Uzbekistan Shavkat Mirziyoyev toured on Monday evening a number of museums and historical sites in the city of Samarkand.During the tour, His Highness and the Uzbek President listened to an explanation about the history of the Observatory of Ulugbek and its role in the development of astronomical sciences among Muslims.During their visit to the Afrasiyab Museum, they were briefed on the most prominent archaeological holdings and artifacts, which document the most important historical highlights of the city of Samarkand, and the various archaeological areas of Uzbekistan.Also, His Highness the Amir and President Mirziyoyev visited Registan Square and listened to a briefing on the history of civilisation and Islamic and experimental sciences in and around Samarkand, and concluded their tour with a visit to the Eternal City, where they were briefed on the most prominent customs and heritage traditions that the Uzbek people adhere to since ancient times.During the tour, His Highness the Amir was accompanied by a number of Their Excellencies members of the accompanying official delegation.
The Ministry of Finance Monday announced that Qatar's budget recorded a surplus of QR19.7bn for the first quarter of 2023. In its briefing on the actual data of Qatar's budget in Q1 of 2023, the ministry said the total revenues for this quarter amounted to QR68.6bn, of which QR63.4bn were oil and gas revenues, while non-oil revenues amounted to QR5.2bn. The total expenditures in the same quarter of 2023 amounted to QR48.9bn, of which QR15.6bn was spent on salaries and wages and QR17.3bn on current expenses, while secondary capital expenditures amounted to QR1bn and major capital expenditures amounted to QR15.1bn, the statement added. Through its data, the Ministry of Finance explained that the actual average oil price during the aforementioned quarter amounted to $82.2 per barrel, which is higher than the estimated price in Qatar's budget for the year 2023 that amounts to $65 per barrel. The ministry's estimated data for the State's general budget for the year 2023 estimated the surplus at QR29bn for the entire 2023, which means that about 68% of this amount has already been achieved during the first quarter of 2023 alone. Upon issuing Qatar's budget for the fiscal year 2023, HE the Minister of Finance Ali bin Ahmed al-Kuwari said the surplus will be directed to paying off the public debt, supporting the reserves of Qatar Central Bank, and increasing the capital of the Qatar Investment Authority. He pointed out that an average oil price of $65 per barrel, on the basis of which the general budget for the year 2023 was built, is a conservative price adopted by the Ministry of Finance as part of its strategy to ensure the ability to allocate financial resources for existing commitments expected during the year, as well as to finance programmes and projects of the national development strategy.
His Highness the Amir Sheikh Tamim bin Hamad Al-Thani arrived Monday evening in the city of Samarkand on a state visit to the friendly Republic of Uzbekistan, as part of a tour of a number of Central Asian countries including the Kyrgyz Republic, the Republic of Kazakhstan, and the Republic of Tajikistan.His Highness the Amir was welcomed at Samarkand International Airport by the President of the Republic of Uzbekistan Shavkat Mirziyoyev.The Prime Minister of the Republic of Uzbekistan Abdulla Aripov, the Minister of Foreign Affairs Bakhtiyor Saidov, HE the Ambassador of the State of Qatar to Uzbekistan Hassan bin Hamza Hashim, the Ambassador of Uzbekistan to Qatar Bahromjon Aloev, and members of the Qatari embassy were also present.His Highness the Amir is accompanied by an official delegation.
Bowen eager to score for new twins in ‘massive’ final
Jarrod Bowen said he would like to score a goal for each of his newborn twins when his West Ham side face Fiorentina in the Europa Conference League final in Prague on Wednesday. “The twins are here now so now I want to score. Just one would be nice but if it’s two, I’ll take two,” Bowen told reporters.The 26-year-old winger, who joined West Ham from Hull in 2020, has two two-week-old girls with Love Island star Dani Dyer. Back to business, Bowen hailed today’s final as a “massive” game and the biggest one of his career. “I’ve only been here three years and if you’d told me we’d be in a European final three years later I would have bitten your hand off,” he said.West Ham have had an impressive run through European competitions in the past two seasons. In 2021/22, they reached the Europa League semi-finals where they crashed out at the hands of eventual winners Eintracht Frankfurt. This season, they have won 13 out of 14 Conference League games, which was a consolation after a Premiership season spent close to the bottom of the table.They only managed 11 wins in 38 Premier League matches. “Last year we were obviously so disappointed to lose in the semi-final so that probably gave us the extra bit of motivation to do it this year,” said Bowen.West Ham’s only European trophy was the 1965 Cup Winners’ Cup with a team featuring English World Cup heroes Bobby Moore and Geoff Hurst. “I think with the season that we’ve had as well, we want to make it even more special for us,” said Bowen, who has scored five goals in the competition so far, including the play-off round. “To do it with your teammates and friends and to win it for everybody would be so special.”But the East Londoners are aware of the firepower facing them as Fiorentina, who finished eighth in Serie A, have scored 36 goals in 14 Conference League games this season. “It’s a final and you don’t get into a final for being a bad team. We respect them a lot,” said Bowen. “They’ve scored a lot of goals in this competition so that’s one of their main threats. (But) this is a final and we’ll try and stop what they’re good at.”West Ham manager David Moyes also relished the moment. “This is something more special than we have envisaged for a long time ahead,” he said. “It’s a big thrill for me,” the Scot told reporters, adding he expected a clash of “two different cultures” in the game. “We hope we can get the right balance between that. We want to be really committed and we’re going to fight for everything we possibly can.”Fiorentina coach Vincenzo Italiano said he wanted “to make life hard” for West Ham. “They’ve got great players, strong players in each position on the pitch, but we have reached the final too,” said the 45-year-old. “I hope we’ll give our best tomorrow. I trust the players, we are self-confident.”Last week, Roma – who had won the maiden Conference League trophy last year – failed to overcome Sevilla in the Europa League final, losing on penalties.