When Is a “Sovereign Wealth Fund” Not “Sovereign”? When It’s Convenient

LIV Golf advertises itself as “Golf but louder.” Since its debut last year, LIV (which is not an acronym; it’s a Roman numeral) has sought to take over the market from the PGA Tour by playing music over the loudspeakers during tournaments, shooting t-shirts into the crowd, cozying up to Donald Trump, and—mostly—paying famous golfers […]