LIV Golf denies report it’s close to paying Fox to air tourneys (NASDAQ:FOX)

Breakaway Saudi-backed golfing league LIV Golf is denying a report that it’s nearing a deal to purchase Tv set time on Fox Sports (NASDAQ:FOX) (NASDAQ:FOXA) in buy to air its tournaments, just after possessing trouble settling on a media lover that would pay out it for coverage.

That offer would be with Fox Sports 1, Golfweek mentioned in a report citing multiple sources.

Media firms usually spend rights costs (which are substantial, and getting larger) to athletics leagues in order to air the athletics and experience rewards from the promoting profits. A LIV deal with Fox would go the other way, with LIV shelling out for coverage, Golfweek mentioned.

But LIV Golfing explained in a assertion that Golfweek’s report was “incomplete and inaccurate” and that it was in advance of routine, such as in the area of broadcast legal rights.

Two weeks back, LIV Golf CEO/Commissioner Greg Norman stated “We’re chatting to four different networks, and live discussions exactly where provides are remaining set on the desk.”

“As we have mentioned earlier, LIV Golf is just commencing its process and is in lively discussions with several companies about broadcasting the LIV Golf League,” the league’s new assertion stated. “We caution that no a person need to draw any conclusions about prospective media legal rights supplied that we are however in the middle of negotiations with quite a few retailers.”

Meanwhile, any deal to invest in time from Fox Sports 1 would be fraught as the network has a large tumble routine of college or university soccer.

Two months in the past, the WSJ claimed that Apple and Amazon ended up the latest to be part of a significant list of media partners passing up the chance to invest in rights to LIV Golf, like ESPN, CBS, NBC or Fox.