Latest news with #TrumpOrganization
Miami Herald
2 days ago
- Business
- Miami Herald
Report: PGA Tour eyeing return to Trump National Doral in ‘26
The PGA Tour plans to bring a tournament back to Trump National Doral near Miami in 2026, Sports Business Journal reported Monday. Per Sports Business Journal, a new tournament at Doral is expected to be scheduled for the week of April 27-May 3, in between the Zurich Classic of New Orleans (a team event) and the Truist Championship (a signature event). The title sponsor and tournament organizer are still unknown. The resort, purchased by the Trump Organization in 2012, hosted a PGA Tour event from 1962-2016 on its famed 'Blue Monster' course. During Donald Trump's first run for president, the tour moved the WGC-Cadillac Championship from Doral to Mexico City, at a time when other golf governing bodies also attempted to distance themselves from the then-candidate. LIV Golf has played at Trump Doral for four straight years since its inception in 2022, but the course is not on the 2026 LIV schedule, leaving open the possibility that the PGA Tour could return. Trump has met with representatives from the PGA Tour and LIV, including Tiger Woods and PGA commissioner Jay Monahan, regarding the rival sides' attempt to merge. The PGA Tour returning to a Trump-owned property could be seen as an olive branch to the president, who has supported the Saudi-backed LIV circuit since its inception. Doral hosted the Doral Open from 1962-2006 before it became a permanent venue for the WGC-Cadillac Championship from 2007-16. Field Level Media 2025 - All Rights Reserved
Miami Herald
2 days ago
- Business
- Miami Herald
Doral eyes PGA comeback as tour weighs return to Trump-owned course
After a nearly decade-long absence, including its namesake's stint as President of the United States, Trump National Doral Golf Club is expected to return to the PGA Tour circuit in 2026. The club, which is owned by the Trump Organization, is expected to host the new tournament during the week of April 27-May 3, in between the Zurich Classic of New Orleans and the signature Truist Championship, per the Sports Business Journal. The resort, purchased by the Trump Organization in 2012 for a reported $150 million, previously hosted a PGA Tour event for more than five decades. From 1962 through 2016, the 'Blue Monster' course at Trump National was a mainstay on the Tour calendar, drawing top-ranked players like Rory McIlroy, Dustin Johnson and Adam Scott and serving as the longtime site of the WGC-Cadillac Championship. But that run ended in 2017, when the event was relocated to Mexico City amid mounting controversy surrounding Donald Trump's first presidential campaign. At the time, multiple golf governing bodies, including the PGA Tour, sought to distance themselves from the politically polarizing figure, who had long been present on the golf scene. 'We [the PGA Tour and Trump] have a relationship and he happens to be running for president, but we are not involved in presidential politics,' Timothy W. Finchem, the former PGA Commissioner, said in 2016. Since then, Trump National Doral has remained active in professional golf through its association with the Saudi Arabian-backed LIV Golf, which has staged events there annually since launching in 2022. Doral's absence from LIV's recently-released 2026 schedule, however, has fueled speculation that the property could be making room for the PGA Tour's return. Further adding intrigue, Donald Trump has reportedly met in recent months with key figures involved in ongoing negotiations between the PGA Tour and LIV Golf, including current PGA Tour commissioner Jay Monahan and golf icon Tiger Woods, who has taken an advisory role in merger discussions. While no formal agreement between the leagues has been finalized, the decision to bring a PGA Tour event back to a Trump-owned venue in Miami, one just under fifty miles from his infamous 'Alligator Alcatraz' immigration facility, may be viewed as a strategic move, or even a political gesture, amid golf's shifting power dynamics. Should the 2026 event at Doral come to fruition, it would mark a notable turning point for both the PGA Tour and the Trump Organization. For Trump, it would represent a re-entry into the PGA's good graces after years of exclusion. For the Tour, it signals a possible softening of its stance toward Trump-branded properties, which it has largely avoided since the now-President's entrance into politics. Still, many details surrounding the proposed tournament remain uncertain. The title sponsor and operational partner have yet to be announced, and the PGA Tour has not formally confirmed Doral's addition to the 2026 schedule. But with the week between the Zurich Classic and Truist Championship currently unclaimed, and with five industry sources pointing to Doral as the likely host, the tournament's return appears increasingly likely.
Axios
2 days ago
- Business
- Axios
Trump gets another chance to sell TRUMP this weekend
This weekend may offer some clues about whether or not President Trump has any regrets about releasing a meme coin just before he took office. Why it matters: Selling 200 million Official Trump (TRUMP) tokens on the Solana blockchain gave him multiple billions in paper wealth nearly instantly, but it has also been fodder for Democrats' cries of corruption, and even skepticism from some industry allies. Driving the news: On Saturday, around $500 million worth of the president's meme coin, Official Trump, will unlock, which means that they could theoretically get dumped on the market, earning millions and millions for the Trump family. What we're watching: Whether or not they actually sell. If they don't, that could be a sign that the first family understands it has paid a high political price for profiting off the president's image. Forty million or so unlocked in April, too, but none of those have been sold. The originating smart contract still holds 80% of the supply. In other words, it's still just 200 million in the wild, even though small amounts unlock every day. None of that new supply has hit the market — yet. All 1 billion Trump tokens will unlock over a three-year period, but it remains to be seen if any more will ever be sold. Yes, but: The team behind the token has not been idle. It just announced the token would go live on the Tron blockchain, which is popular for making small transactions globally, particularly in Asia. Tron's creator, Justin Sun, already one of the biggest holders of Official Trump, announced he would buy another $100 million worth. The White House directed Axios to the Trump Organization for comment, but it did not reply. By the numbers: In May, blockchain intelligence firm Chainalysis estimated that the Trump organization had earned $320 million in trading fees from supplying liquidity in the market for the meme coin. That's besides what was earned on the massive initial sale in January. (Trump has not yet released a financial disclosure covering January 2025.) Reality check: While the president has been an ardent supporter of the digital asset industry since 2024, the money he's made in the industry has created friction for his pro-crypto agenda. Many Democrats, who were otherwise eager to support creating rules for cryptocurrency, objected once it looked like doing so would be profitable for the president. What they're saying: "President Trump should instill public confidence in his administration, and in the integrity of crypto markets, by divesting from this industry," Richard Painter, a University of Minnesota law professor and former chief ethics lawyer in the George W. Bush White House, told the Senate Banking Committee last week. Threat level: The token is down badly from its early highs over $40. It currently trades a little below $10 each. Meme coins grabbed headlines but most of the money has still gone into bitcoin, which represents more than 60% of all the value in the crypto market. The bottom line: If July 19 comes and goes and the original wallet still holds 80% of the total supply, it could be an indication of the complications of Trump's crypto embrace.
CBS News
3 days ago
- Politics
- CBS News
FIFA opens office in Trump Tower as soccer chief builds close ties to Trump
FIFA has opened an office in Trump Tower in New York City, the organization's president Gianna Infantino announced this week, in the latest sign of deepening ties between soccer's governing body and President Trump before the U.S. hosts next year's World Cup. Infantino announced the decision in a presentation at the Trump Organization's Manhattan headquarters Monday, where he was joined by the president's son Eric Trump and former Brazilian soccer star Ronaldo, a two-time World Cup winner. "So today, we are opening an office of FIFA here in Trump Tower," Infantino said. The FIFA president added that soccer's governing body has "received such a big support" from the Trump White House and its World Cup task force. That government task force is chaired by Mr. Trump, whom Infantino called "a big fan of soccer." He also thanked Eric Trump and the Trump Organization for their support. "Our success is your success," the FIFA president said. Eric Trump, executive vice president at the Trump Organization, praised the FIFA president for "bringing the tournament" to the U.S. CBS News has reached out to FIFA and the Trump Organization for comment. The FIFA president has built close ties with Mr. Trump since he returned to office in January. Infantino has made several appearances alongside the U.S. leader: He attended the president's inauguration, has visited the Oval Office at least twice and met Mr. Trump during his overseas trip to the Middle East in May, during which the FIFA leader received a standing ovation. "Great job, Gianni," Mr. Trump said at the U.S.-Saudi Investment Forum. Infantino was late to FIFA's annual congress held in Paraguay after joining Mr. Trump in Saudi Arabia and Qatar in May. In protest, delegates from FIFA's European confederation, UEFA, walked out of that session. In a statement to CBS News, UEFA called Infantino's delay "deeply regrettable" and backed its representatives, saying that the "last minute" request by FIFA to "accommodate private political interests does the game no service." Mr. Trump, meanwhile, told reporters this week he plans to attend the final of the Club World Cup at MetLife Stadium in New Jersey on Sunday. The Club World Cup trophy was also revealed to the public at Trump Tower earlier this week. It was first displayed in the Oval Office in March and will now stay in Mr. Trump's New York property until Sunday's finals, in which French champions and UEFA Champions League winners Paris Saint Germain will face English Premier League team Chelsea. The Club World Cup brings individual clubs from all six continental confederations of FIFA. Under the new format, 32 teams were selected for this year's tournament based on their domestic and international achievements. Although similar in name, the better-known World Cup features national teams only. The opening of an office in Trump Tower is another move to expand FIFA's presence in the United States ahead of the World Cup. Last summer, it opened a legal and compliance division office in Miami. The United States, Canada, and Mexico are set to co-host the World Cup next year. Two Canadian, three Mexican, and 11 American cities will welcome 48 nations to the iconic competition, up from 32, its first increase since 1998. Mr. Trump's One Big Beautiful Bill Act, a massive spending law that passed both chambers of Congress last week, allocates $625 million for World Cup security funding. It also offers $1 billion for the 2028 Olympics in Los Angeles. Mr. Trump's interest in the World Cup dates back to his first term, when FIFA awarded the event to the U.S. and its neighbors. The president urged other FIFA members to support the U.S. bid ahead of FIFA's 2018 decision. Hosting the World Cup has become as sought-after as the Olympics for nations around the world. The event attracts a massive television audience, with some 570 million viewers tuning into the 2022 Finals match, according to figures from FIFA. But the selection process has increasingly attracted controversy, with FIFA facing allegations of corruption and bribery in the way it has managed past contests to secure hosting and media rights. Federal officials in the U.S. have prosecuted the heads of various regional soccer bodies for taking bribes and kickbacks. The organization denies the accusations of widespread bribery and says the game is for everyone. "We want to make football truly global and in order for football to become truly global, we need to embrace the entire globe," Infantino said in the draw ceremony of the 2023 Club World Cup in Saudi Arabia.
Yahoo
5 days ago
- Business
- Yahoo
Fifa opens office in Trump Tower, deepening ties with US president
Fifa's relationship with the US president, Donald Trump, now has a physically tangible marker, with soccer's world governing body announcing it has opened an office in Trump Tower in New York City. The announcement of the new office came on Monday evening, after Fifa placed the Club World Cup trophy on display in the lobby of the skyscraper in an event attended by several Fifa dignitaries including its president, Gianni Infantino, and the Brazilian great Ronaldo as well as Eric Trump, the son of the US president and executive vice-president of the Trump Organization. Related: Qatar weighs up 2029 Club World Cup bid that could mean winter tournament 'Fifa [is] a global organisation [and] to be global you have to be local, you have to be everywhere, so we have to be in New York,' Infantino said. 'Not just for the Fifa Club World Cup this year and the Fifa World Cup next year – we have to be in New York as well when it comes to where our offices are based. Thank you, Eric [Trump], thank you to everyone. Thanks, of course, to president Trump as well.' Fifa did not provide specifics on which staff or departments would be housed in New York. It is now a tenant of the company owned by the sitting US president with the start of its biggest and most lucrative tournament next June. It follows Fifa's opening in 2024 of an office in Miami, Florida, which houses the organization's legal division and some staff responsible for putting on the Club World Cup and next year's World Cup. Some staff from Fifa's global headquarters in Zurich were relocated to the US to work in Miami. 'On behalf of myself, on behalf of New York, on behalf of the Trump Organization and everybody that works in this building – we love you,' Eric Trump said in remarks at the event. 'We're honoured, we're excited about all the things that Fifa is doing.' The office opening continues efforts by Fifa and Infantino to appear publicly close to the US president, with Infantino describing his relationship with Trump as 'absolutely crucial' in a February meeting with the International Football Association Board in February. Infantino has since appeared with the US president at several public events, including at the Oval Office when announcing the creation of a World Cup task force. In that meeting, Infantino presented Trump with the Club World Cup trophy, which has continued to be on display in the Oval Office for all of the president's scheduled events in the space. Infantino was later present at the first public meeting of the World Cup taskforce, at which he was seated alongside Trump with vice-president JD Vance. Infantino also accompanied Trump to the Middle East this year – a trip that made him late for the Fifa congress in Paraguay, angering Fifa delegates who walked out of the gathering in protest. Uefa later accused Infantino of putting 'private political interests' ahead of his Fifa responsibilities, and Human Rights Watch demanded that Infantino reveal the specific purpose and details of his trip, which he has yet to do. 'As president of Fifa my responsibility is to make decisions in the interests of the organisation,' Infantino said at the congress, where he apologized for his tardyness. 'I felt that I needed to be there to represent football and all of you.'
