Saudis To Compensate PGA Golfers Who Turned Down LIV
Portfolio Pulse from Benzinga Newsdesk
Saudi Arabia will compensate professional golfers who turned down the LIV Golf Invitational, a controversial event backed by the kingdom. The move is seen as an attempt to maintain good relations with the players and encourage future participation.
June 14, 2023 | 5:14 pm
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NEUTRAL IMPACT
Acushnet Holdings Corp. (GOLF) may see a short-term neutral impact as Saudi Arabia compensates golfers who turned down the LIV Golf Invitational.
While the compensation may improve relations between Saudi Arabia and the golfers, it is not directly related to Acushnet Holdings Corp.'s business operations or financial performance. The impact on GOLF's stock price is expected to be neutral in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Nike Inc. (NKE) may experience a neutral short-term impact as Saudi Arabia compensates golfers who turned down the LIV Golf Invitational.
The compensation may improve relations between Saudi Arabia and the golfers, but it is not directly related to Nike Inc.'s business operations or financial performance. The impact on NKE's stock price is expected to be neutral in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Under Armour Inc. (UAA) may see a neutral short-term impact as Saudi Arabia compensates golfers who turned down the LIV Golf Invitational.
While the compensation may improve relations between Saudi Arabia and the golfers, it is not directly related to Under Armour Inc.'s business operations or financial performance. The impact on UAA's stock price is expected to be neutral in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50