Field Level Media
29 Sep 2022, 13:40 GMT+10
LIV Golf disputed a Golfweek report that it plans to secure coveted broadcast rights with FOX in an unusual airtime purchase agreement.
In a statement issued Wednesday, the new Saudi-backed circuit wrote, "LIV Golf has exceeded expectations and remains ahead of schedule across numerous fronts, including broadcast rights. As we have stated previously, LIV Golf is just beginning its process and is in active discussions with several companies about broadcasting the LIV Golf League.
"We caution that no one should draw any conclusions about potential media rights given that we are still in the middle of negotiations with several outlets."
To date, LIV's 54-hole events have been streamed on YouTube and on the new tour's website. Five events have been played this year and there are three more on the schedule, with a $50 million season finale in Miami in October.
Most sports broadcasting rights deals see the network pay for the rights to air events. For example, the Big Ten Conference secured a new rights deal with multiple networks that could potentially pay $7 billion over seven years starting next summer.
The PGA Tour media rights deal, which includes international rights, is worth $6.3 billion over nine years.
But per the Golfweek report, LIV would pay FOX as if it were an advertiser and also be responsible for production and ad sales during the events, chores that typically are owned by the network.
Because LIV is financially backed by Saudi Arabia's Public Investment Fund, criticism from fans and competing players has been constant.
More than 20 former PGA Tour players, including prominent names such as Phil Mickelson, Brooks Koepka, Bryson DeChambeau and 2022 Open Championship winner Cam Smith of Australia, signed massive contracts to play on the LIV Golf Invitational Series.
--Field Level Media
Get a daily dose of Tampa Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tampa Star.
More InformationJAKARTA, Indonesia: An Indonesian court sentenced Lina Lutfiawati, also known as Lina Mukherjee, to two years in prison this week ...
HONG KONG: The Chinese Foreign Ministry has issued a request to all foreign consulates in Hong Kong, seeking the personal ...
MARTIN COUNTY, Florida: An Amazon driver making a delivery to a Florida home this week was bitten by a rattlesnake ...
CALGARY, Canada: From early 2024, the long-delayed and controversial Canadian government-owned Trans Mountain oil pipeline expansion (TMX) is expected to ...
ISLAMABAD, Pakistan: Pakistan's Supreme Court proceedings were broadcast live on state television on Monday, providing an unprecedented glimpse into the ...
MORGANTOWN, Pennsylvania: Pennsylvania state police said that nine teenage boys who escaped from the Abraxas Academy detention center this week ...
PARIS, France: Amid the imminent launch of the iPhone 15, unions representing Apple store workers in France have called for ...
SEATTLE, Washington: To expand its next-day delivery services for shoppers, Amazon said it plans to hire 250,000 more U.S. workers ...
NEW YORK, New York - U.S. stocks weakened on Friday as U.S. Treasury yields continued to point higher while some ...
DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...
SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...
DAYTON, Ohio: Under an agreement announced this week, Joby Aviation will produce state-of-the-art electric vertical takeoff and landing (eVTOL) aircraft ...