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Stock impact report

DeChambeau Shoots Down PGA Tour Return Rumours Ahead Of LIV Hong Kong [Barron's]

ADIDAS AG S/ADR (ADDYY) 
NASDAQ:AMEX Investor Relations: adidas-group.com/en/investors/overview
Company Research Source: Barrons
Rumours had been swirling online over the past few days that the US Open champion was seeking to leave LIV after his proposal for a $280 million contract renewal was rebuffed. Asked by AFP if there was any truth in the rumours ahead of this week's LIV Hong Kong tournament, two-time major winner DeChambeau replied: "No, I'm very excited about the future of LIV Golf. "I'm very excited to be the captain of the Crushers and continue our legacy that we're starting to create." The 31-year-old American, whose current deal with LIV runs until 2026, has a huge social media and YouTube following. As a LIV Golf team captain he has a 25 percent equity stake in his Crushers squad, which also features Anirban Lahiri, Paul Casey and Charles Howell III. DeChambeau recently bagged a huge sponsorship deal for his team to wear Reebok kit and unveiled a dream to use the millions he earns with LIV to spread Crushers-branded courses and golf academies all over the globe. "My goal is to create Show less Read more
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