'Saudi-Funded LIV Golf Strikes Deal To Tee Off In India; The LIV Golf Chief Greg Norman Has Agreed An Outline Deal That Will See The Breakaway Tour Stage Its First Affiliated Event In India Next February' - Sky News
Portfolio Pulse from Benzinga Newsdesk
LIV Golf, funded by Saudi Arabia, plans to host its first event in India next February at the DLF Golf and Country Club. This move is part of LIV's expansion strategy and aims to tap into India's growing middle class. The event will be part of the International Series on the Asian Tour.
October 21, 2024 | 5:21 pm
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POSITIVE IMPACT
The expansion of LIV Golf into India highlights the growing affluence and interest in sports within the country, which could positively impact the iShares MSCI India ETF (INDA) by attracting more investment into the Indian market.
LIV Golf's event in India reflects the country's economic growth and increasing interest in sports, which could attract more investment and positively impact the iShares MSCI India ETF (INDA).
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
LIV Golf's expansion into India could increase visibility and interest in golf, potentially benefiting Topgolf Callaway Brands Corp (MODG) as a golf equipment and services provider.
LIV Golf's entry into India may increase golf's popularity, leading to higher demand for golf equipment and services, which could benefit companies like Topgolf Callaway (MODG).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50