LIV Golf players push PIF for higher severance as contract dispute simmers
Dustin Johnson and other LIV Golf players are pressing the Public Investment Fund to increase what they are calling severance payments on unpaid contracts, according to The Athletic. According to a source briefed on the matter, PIF's initial offer to players amounted to just 2 cents on the dollar as a settlement. The gap between what the fund has offered and what players believe they are owed appears to be a central point of contention.
The PIF initially offered players 2 cents on the dollar as settlements for unpaid contracts, according to a source briefed on the matter.
Why it matters
For brands: Sponsors and partners tied to LIV Golf face reputational uncertainty as a financial dispute between the tour's backers and its players becomes public.
For athletes: Pro golfers with LIV contracts may recover far less than their full contract value if PIF's settlement offers are not improved.
Read the full story at The Athletic
Sources
- The Athletic: Dustin Johnson, other LIV golfers want PIF to step up on 'severance payments'
- Awful Announcing · Matt Yoder: LIV CEO Scott O’Neil gets massive bonus amid bankruptcy