Charl Schwartzel

LIV, the new Saudi-backed professional golf league, just upped the ante once again. Yasir Al-Rumayyan, head of the Saudi Arabian Public Investment Fund, said on Saturday that any player who shoots a 54, or 18 under, will earn $54 million, according to Sports Illustrated’s Bob Harig....

Determining who will benefit from Nike Inc (NYSE: NKE)'s departure from golf is the question everyone in the industry has been asking since the news broke this week. Callaway Golf Co (NYSE: ELY) stock reacted positively from the news, as it is the only pure golf play in the stock market currently....