Latest news with #ProfessionalGolfers'Association
BBC News
24-03-2025
- Entertainment
- BBC News
Tiger Woods confirms relationship with Vanessa Trump
Golfer Tiger Woods has announced he is dating Vanessa Trump, the former daughter-in-law of US President Donald was previously married to Donald Trump Jr for 13 years, with whom the 47-year-old has five children. The pair divorced in Sunday, Woods, 49, posted pictures of Vanessa and himself on social media saying: "Love is in the air and life is better with you by my side! We look forward to our journey through life together.""At this time we would appreciate privacy for all those close to our hearts." It is unclear what prompted the public announcement, but rumours of their relationship had been reported in gossip magazines in recent weeks. Woods, who has won 18 World Golf championships, is known for being guarded about his personal life after exposure of his marital infidelities and sex scandals damaged his public standing in the 2000s and affected his playing admitted himself into a sex addiction rehab clinic, and went through an acrimonious split from his first wife Elin Nordegren months later after six years of marriage. The couple have two children media outlets report that Tiger Woods' children attend the same school as Vanessa Trump's. She has five children with Donald Trump Jr. One of them, 17-year-old Kai, is set to play golf at the University of Michigan in the former wife of Donald Trump's eldest son, Vanessa had been a regular attendee at official events involving Trump's extended family during his first term in office. Woods, the former world number one, is also known to have played golf with President Trump on several occasions, including last month. Trump loves golf and owns more than a dozen February, Woods attended a meeting with Trump and Professional Golfers' Association (PGA) heads at the White House about the future of the sport's tournaments and current division with the Saudi Arabia- LIV league. Woods wore his Presidential Medal of Freedom, which was bestowed on him by Trump in 2019 during the president's first term. Woods has previously announced relationships with World Cup champion ski racer Lindsey Vonn and Erica Herman, his former restaurant manager. That relationship ended badly - Herman filed law suits against Woods and his trust in 2023, which she later withdrew.
CBC
22-03-2025
- Business
- CBC
Île-Bizard residents shocked by hefty fines for trying to rent out homes during Presidents Cup
They listed their homes for rent during a golf tournament. Now they're facing heavy fines 10 hours ago Duration 2:53 Social Sharing Patricia McIntyre was getting ready to ring in the new year with family and friends at her home in Île-Bizard when there was a knock at the door. To her surprise, she was greeted by a bailiff who handed her a pair of envelopes. Inside there was a stack of papers from Revenue Québec explaining in detail how she had violated the province's short-term rental rules and that she and her husband were now facing fines of $3,750 each. "To me, this is very predatory and the government is acting in bad faith," McIntyre says. McIntyre never actually rented out her home, but in the lead-up to the Presidents Cup, hosted at Royal Montreal Golf Club last September, she decided to post it online with a short-term rental website that was recommended by the Professional Golfers' Association (PGA). With large crowds expected and streets closed to traffic, she thought it would be a good opportunity. She didn't have a tourism registration number, or CITQ, and says the site, Rent Like A Champion, never gave her any indication that she might be breaking local laws. But she knew that if she rented, there would be taxes to pay. "If we would have [rented], yeah, I'd call the government and find out what the protocol is, how do we proceed," she said. "But just for simply putting your house on a website, to me it's shocking that they can get you for this." Multiple homeowners who posted but didn't rent targeted McIntyre has since learned that she is not alone in her frustration. She says she knows of at least nine other homeowners in the area who were targeted by Revenue Québec investigators during the lead-up to the Presidents Cup. None appear to have successfully found someone to rent their house. Aisha Lasarni paid $250 US to post her home on Accommodation For The Event — a site based out of Ireland that caters to golf fans looking to stay close to golf tournament venues. She was served papers this week and was stunned to see that the province was coming after her and her husband for a total of $7,500. Lasari says she only posted her home because she was hoping to leave town during the tournament to avoid the crowds and traffic. She also says she didn't know she was violating provincial rules. "I mean we're not used to renting houses here," Lasari says. "We're not downtown where we have condos where there's the Jazz Festival, where we rent out our houses, where we're infringing on the housing market," she said. Like McIntyre, Lasarni's house was not rented. "It's not a slap on the wrist of $500 [that says], 'hey, you should have known that you need a permit.' I mean for a garage sale you need a permit but you don't need a permit if you're thinking of having a garage sale." Revenue Québec accused of acting in bad faith The case files that Lasari and McIntyre received outlining their offences are dozens of pages long. There are photos of the listings, their home from multiple angles and pages of notes taken by Revenue Québec investigators. "It's not right. It's unjust. I mean how can you do this to people? I'm sure they spent thousands of dollars creating these files against us," McIntyre says. In Lasari's case, there is also a photo of a text message showing someone, possibly a Revenue Québec investigator, inquiring about the availability of their home. "To be honest, it felt like it was a bit of an invasion, some kind of an entrapment. Like they went through such an effort to investigate our little island, a little island that is not used to seeing any tourists," Lasarni said. The pair says they understand that short-term rentals are creating issues in some parts of Montreal but argue that homeowners in Île-Bizard are not who the government should be focusing its resources on. Revenue Québec spokesperson Mylène Gagnon says fines for violating the Tourist Accommodation Act range from $500 to $50,000 for individuals and that the rules are listed on the government's website. Any failure to display a registration number on a listing, even if the lodging is not rented, is subject to fines ranging from $1,000 to $10,000. Lasarni says she understands that being unaware of a law is not a valid excuse for violating it, but she argues that since Île-Bizard is not an area that typically has many visitors, that the agency could have acted with more empathy and at least tried to warn residents that they needed a CITQ number instead of silently building a case against them. "What happened to caring for your citizens? I mean show a little care," Lasarni says. Borough could have warned us, residents say McIntyre also maintains that the borough of Île-Bizard–Sainte-Geneviève could have done more to prevent the situation. "The City of Montreal did send us letters indicating where we were allowed to park, in my case indicating that my street would be locked down, so I don't see why they didn't warn us at the same time," she said. Borough Mayor Doug Hurley says he is aware of the situation but declined to comment further because the issue falls under the jurisdiction of the provincial government. Revenue Québec says it can't say exactly how many homes were investigated for violations in Île-Bizard during the Presidents Cup because it does not break down its data by municipality. According to the agency's website, there were a total of 702 inspections in Montreal between April 1 and December 31, 2024. Some 223 cases were filed leading to 193 convictions and $984,527 in fines collected. "They should have an obligation to simply warn us and tell us, 'you're not within the confines of the law and you have 24 hours to remove your house from the website.' I guarantee you 100 per cent of us would have removed our homes," McIntrye says. The PGA confirmed to CBC that they do have a relationship with Rent Like A Champion but declined to comment any further on the situation. Rent Like A Champion did not respond to CBC's request for comment. Accommodation For The Event founder and accommodation manager, Brian Higgins, said that in his opinion, it is "in poor taste" for the government of Quebec to fine his clients, especially if they don't successfully rent their home. He added his site is in no way affiliated with the PGA and added that this is made clear in the terms and conditions every user agrees to before posting. McIntryre, meanwhile, has a message for any homeowners who may have posted their homes for rent without a registration number in the lead-up to the Presidents Cup and have not yet been fined.
New York Times
27-02-2025
- Sport
- New York Times
How to watch, odds for the PGA Tour's 2025 Cognizant Classic in The Palm Beaches
It's about that time — the golf world descends to Florida for its month-long sojourn. This week's Cognizant Classic marks the first of four PGA Tour events in the Sunshine State, with the Arnold Palmer Invitational, The Players Championship and Valspar Championship to follow. ESPN+ also offers coverage beginning at 6:45 a.m. on tournament days. More than five decades ago, The New York Times wrote, 'The $260,000 Jackie Gleason Inverrary Classic, one of four new tournaments on the 1972 Professional Golfers' Association tour announced yesterday, will surpass the Westchester Classic as pro golf's richest.' Advertisement This weekend brings the same event, with a new name and a growing purse north of $9 million. This storied tournament has a lengthy — and cool — record book. Jack Nicklaus birdied the final five holes to come back and stun Grier Jones by one stroke in 1978. In 1986, Kenny Knox paid out of pocket for a chance to qualify, surprised the field and won. Mark Wilson claimed his first career win in 2007's playoff thriller, while Austin Eckroat had his first Tour triumph in last year's outing — finishing three shots ahead of Erik van Rooyen and Min Woo Lee. Jordan Spieth plays this event for the first time, marking his official comeback from wrist surgery last summer. BetMGM has Spieth at +4500 odds to take the tournament. As of Wednesday, Shane Lowry is the Vegas favorite at +2000; Daniel Berger, who finished fourth at this course in 2020 and 2022 and Russell Henley are locked in right behind him at +2200. No matter the tournament's title or its lead competitors, PGA National will always be feared and revered for 'The Bear Trap,' daunting holes 15-17 as redesigned by Jack Nicklaus. Journeyman Brian Campbell stuns even himself with first PGA Tour win: 'I'm freaking out' PGA Tour stock watch: Ludvig Åberg and Justin Thomas are up, but who's down? (Photo of Daniel Berger: Tony Ding / Icon Sportswire via Getty Images)
Reuters
06-02-2025
- Business
- Reuters
Trump has brought PGA closer to deal with Saudi-backed LIV Golf, PGA commissioner says
Feb 6 (Reuters) - Professional Golfers' Association Commissioner Jay Monahan said on Thursday President Donald Trump has brought the PGA and Saudi-backed LIV Golf closer to a deal to reunify the game. "We asked the president to get involved for the good of the game," Monahan and player directors Adam Scott and Tiger Woods said in a statement. "We are grateful for his leadership has brought us closer to a final deal."
Yahoo
06-02-2025
- Business
- Yahoo
Opinion - Will Trump's sovereign wealth fund really ‘Make America Great Again?'
All the talk about tariffs has overshadowed one of the president's most enlightened proposals — the creation of a U.S. sovereign wealth fund. On Feb. 3, President Trump signed an executive order to 'establish a sovereign wealth fund to promote fiscal sustainability, lessen the burden of taxes on American families and small businesses, establish economic security for future generations, and promote United States economic and strategic leadership internationally.' It is an idea whose time has come. Today, there are over 90 sovereign wealth funds worldwide, collectively managing and investing assets exceeding $12 trillion as of June 2024. This amount has grown significantly over the past two decades, reflecting the increasing importance of sovereign wealth funds in the global economy. And yet the U.S., the world's most dominant economic power, is not among them. While there may be many reasons for this situation, the rationale for creating a U.S. sovereign wealth fund now could not be clearer. Harnessing the inherent wealth of America's assets into an acquisitive global investment vehicle seems prudent, and the economic and geopolitical conditions appear ripe. But it took Trump, the consummate businessman — perhaps with the counsel of Jared Kushner and a few private equity players — to translate theory into reality. Of course, Kushner himself appreciates the significance of sovereign wealth investments, due in large part to a generous $2 billion deal he brokered with Saudi Arabia's Public Investment Fund. In fact, we all marvel at the financial prowess of the Saudi fund: With investments in every sector imaginable, it provides an illustrative model for how to cast a nation's economic wealth into global power and influence. This came into full view when the fund, among other major investments, made a play to acquire the Professional Golfers' Association wholesale. Interestingly, we hear much less about other sovereign wealth funds that are even larger than the Saudi one. For example, Norway's, Government Pension Fund Global is the world's largest sovereign wealth fund, with $1.7 trillion under management. It is followed by the China Investment Corporation, with $1.3 trillion; the Abu Dhabi Investment Authority, with $1 trillion; the Kuwait Investment Authority, with $1 trillion; and the Public Investment Fund of Saudi Arabia, with over $980 billion under management, according to the Sovereign Wealth Fund Institute. Sovereign wealth funds are state-owned investment funds that manage national assets that have traditionally been funded via excess reserves from trade surpluses, natural resource exports (such as oil and gas), or foreign currency reserves accumulated by central banks. Their role in global finance has grown in stature and effect to become some of the most powerful and influential financial entities in the world. With investments spanning every asset class, from stocks, bonds, real estate, infrastructure, energy, oil and gas, media, tech and emerging industries (including artificial intelligence), these funds own and control significant resources in industrialized nations. Despite the strength of the U.S. economy, we have traditionally relied on private investment funds, pension funds and venture capital rather than a centralized sovereign wealth fund for national and global investment. But the U.S. is at an historic crossroad where its international alliances and economic relations are realigning. And that may be the factual predicate to create and sustain the nation's first sovereign wealth fund. Among the merits of a U.S. sovereign wealth fund would be the opportunity to leverage existing governmental assets, including federal land, infrastructure holdings and intellectual property, into revenue-generating investments. Transitioning from a debtor to a creditor nation is a lofty but likely goal. Through it all, governance and transparency should be paramount, and the fund should be subject to congressional authorization, review and oversight. While the concept of a U.S. sovereign wealth fund has been discussed before, previous administrations, including that of Joe Biden, have stopped short due to concerns about government interference in private markets. But several U.S. states have funds that are used to finance specific functions such as education or to provide general revenue. Today, however, our lack of a sovereign wealth fund may be seen as a strategic vulnerability, especially when state-controlled investment funds around the world are exercising tremendous economic power. Structured properly, a U.S. sovereign wealth fund could provide a counterbalance to foreign sovereign wealth funds, allowing the U.S. to leverage its vast resources more effectively in the global economy. Beyond financial gains, a strong U.S. fund could be an effective geopolitical tool to strengthen American economic diplomacy, funding infrastructure projects in strategic regions and reducing dependence on foreign capital markets. With the right leadership, bipartisan support and a clear investment mandate, America's sovereign wealth fund could serve as a game-changing financial instrument — one that advances the national interest and long-term prosperity. As the media buzz surrounds the Trump economy, a U.S. sovereign wealth fund could advance America's interests in new and untold ways. Far from being punitive or controversial, it is a consequential idea whose time has come. Adonis Hoffman writes on business, law and policy. He served in senior roles at the FCC and the U.S. House of Representatives and is a senior partner at American Law Group, PLLC Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
