Browsing Golf Industry NewsVIEW ALL

Cho Minn Thant has quashed rumours that Greg Norman will be taking over

POSTED ON December 8, 2021 @ 6:14 pm

Cho Minn Thant has quashed rumours that Greg Norman will be taking over from him as Commissioner and Chief Executive Officer of the Asian Tour.

Speaking in an exclusive interview with the Asian Golf Industry Federation, Cho said he will be remaining in the post and working closely with Norman, CEO of a newly formed company, LIV Golf Investments.

Upon his appointment at the end of October, Norman announced a ground-breaking series of 10 new marquee events to be staged annually on the Asian Tour over the next 10 years, representing a total commitment of over US$200 million to support playing opportunities and prize funds.

Many jumped to the conclusion that Norman was also moving into the Asian Tour hot seat.

“I think that’s been misreported several times in the press,” said Cho, clarifying the role of LIV Golf Investments as a promoter.

Cho said: “They’re going to be promoting tournaments on the Asian Tour. The Asian Tour structure, management and Board remain the same. The 10 events that they’ll bring on will enhance the platform that we already have. That’s setting the record straight.

LIV Golf Investments

“We’ve got a very good, close working relationship but we do work with a lot more promoters as well across the Asian Tour.

“LIV Golf Investments is a promoter and they are not taking over the Asian Tour and we won’t be changing our structure any time soon.”

Of the links with Saudi Arabia’s Public Investment Fund, Cho said: “The PIF is the funding partner of LIV Golf Investments, much like they’re the funding partner of Golf Saudi.

“We maintain two independent relationships with Golf Saudi and LIV Golf Investments. They’re separate promoters and the Saudi International is run by Golf Saudi.

“LIV Golf Investments is running this new marquee series for us. To be honest, it’s great that there’s so much investment in the world of golf right now.

“The Public Investment Fund is an autonomous fund. They invest is several business ventures such as Uber, Citi, Facebook. They’re all household names. And PIF has just recently taken a stake in Newcastle United Football Club. We think it’s positive that they have such a keen interest in golf and a keen interest in sport and we’ll make it work.”

*The full interview with Cho can be viewed by clicking here.

Source: agif

Comments are closed.

CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

FEATURE: Gregg Patterson: Where’s the Manager?

By Gregg Patterson Founder and President “Tribal Magic!!!”...

PGA of New Zealand and Golf New Zealand enter ground-breaking agreement

Golf New Zealand and the Professional Golfers’ Association...

Clive Palmer lodges plans for car museum at Coolum golf course

Billionaire and avid car collector Clive Palmer is hoping to build a massive car museum at his Coolum resort to showcase more...

NZ: Auckland Country Club applies to rezone Pakuranga Country Club so it won't turn into houses

A 38 hectare golf course in east Auckland has applied to change its zoning so it won’t be developed into houses, but...

Golf lifestyle label partners with iconic Australian fashion house to release limited-edition golf apparel

Birds of Condor is known for making moves in the alternative golf-fashion world with an edgy aesthetic across their headwear, apparel and...

Flood Relief Funds Flow To Clubs Across NSW: Full List

Golf Clubs across New South Wales will get some much-needed assistance to help recover from recent flooding, with proceeds raised through the...

Glasgow golf facility that will revamp the sport set to launch in summer 2023

The R&A has revealed the name of its brand new golf concept that will open in Glasgow next summer....

JOBS: Multiple Golf Course Construction-Landscape Specialist roles – (Middle East)

Multiple opportunities exist for skilled candidates to join a large landscape construction company based in the middle east, turning over...

ASIA: PGA NovaWorld Phan Thiet announces new strategic partnerships

PGA NovaWorld Phan Thiet, Vietnam’s only PGA of America accredited venue, has become the latest facility to take up...

ASIA: Ba Na Hills Golf Club appoints Gary Dixon as new General Manager

Ba Na Hills Golf Club and IMG are pleased to announce the appointment of Gary Dixon as the club’s...

New and enhanced sustainability initiatives for The 150th Open at St Andrews

The R&A is expanding its GreenLinks programme with a range of new and enhanced sustainability measures in place for...

Aussies At The Open: Australia's Trials & Triumphs NOW AVAILABLE

It began as something of a Covid project but developed into something more… and soon with the 150th Open...