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Tiger Woods’ rejection of $800m Saudi LIV offer explained

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Tiger Woods’ rejection Saudi LIV offer

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Tiger Woods, an American professional golfer, has rejected an $800 million offer to join the Saudi-backed LIV Golf Invitational Series, according to Greg Norman.

The breakaway circuit’s CEO announced this on Monday night when he appeared in an interview with Fox News.

According to him, the offer was made before he was made chief of the contentious series, which is bankrolled by Saudi Arabia’s Public Investment Fund.

“That number was out there before I became CEO, Norman said. “So that number has been out there, yes. Look, Tiger is a needle mover, right?

“So, of course, you’ve got to look at the best of the best. They had originally approached Tiger before I became CEO. That number is somewhere in that ($700-800 million) neighbourhood.”

Before the British Open last month, Woods stated that he disapproved of players’ decisions to compete in the LIV Series and likened the circuit, which offers tremendous guaranteed contracts and a 54-hole format, to the senior Champions Tour.

“I believe that what they have done is that they have turned their back on what has permitted them to be in this position,” Woods said.

Athletes like Phil Mickelson, Dustin Johnson, and Bryson DeChambeau, have signed with LIV Golf for the series, but 15-time major champion Woods has stayed dedicated to the PGA Tour.

This article was updated 4 weeks ago

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