LIV refutes report of deal to buy TV time

Saudi-funded LIV Golf refuted a report Tuesday that it was close to a U.S. television deal in which it would buy time to be shown on FS1.

Golfweek cited multiple sources it did not identify in saying the agreement is still being finalized.

It would go against what Greg Norman, the CEO and commissioner of LIV Golf, told a Chicago radio station two weeks ago when he said, “We’re talking to four different networks, and live conversations where offers are being put on the table. They can see what we’re delivering.”

LIV Golf issued a statement that the report was “incomplete and inaccurate,” and that it is ahead of schedule in its inaugural year, including such areas as 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,” the statement said. “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.”

Fox Sports to declined comment.

Networks typically pay a rights fee to broadcast a sport. The PGA Tour, for example, this year began an expanded media rights deal for its tournaments to be shown on CBS, NBC, Golf Channel and ESPN+. The nine-year deal is worth an estimated $7 billion.

In this case, LIV Golf would pay for the time slot and be responsible for the cost of production and any advertising to be sold. In some time-buy cases, the deal includes a few promotional spots to let viewers know when it will be aired.