LIV Golf’s Shock PGA Deal Involved Close PIF Adviser Klein (1)

The surprise merger between LIV Golf and the PGA Tour involved a collection of high profile advisers with links to Saudi Arabia and the PGA Tour.

LIV Golf was advised by banker Michael Klein and PCP Capital Partners’s Amanda Staveley, according to people familiar with the matter.

Saudi-backed LIV Golf and the PGA announced Tuesday that they would drop legal proceedings against each other and combine forces, along with the European Tour.

WATCH: The PGA Tour and rival LIV Golf ended a two-year dispute between the two organizations by agreeing to merge Tuesday. Matthew Martin reports.

Source: Bloomberg

Klein, a banker known for his Saudi connections, had agreed to sell the investment banking business of M. Klein & Co.to Credit Suisse Group ...