“LIV Golf, as a start-up, is proud to offer our golfers competitive contracts,” an LIV spokesman told The Wall Street Journal. That mindset is trickling down to its players, who will be awarded a $1 million bonus for winning any of golf’s four major championships - but also may never be allowed to play in them again. For the PIF, which plans to spend at least $2.4 billion on the league over the next four seasons, money ain’t a thang. The biggest reason for that, of course, is that the upstart series is backed by the Public Investment Fund of Saudi Arabia and the $620 billion in assets it possesses, according to Forbes. Now with three events under its belt and 10 of the world’s top 50 players inked to contracts that require them to wear LIV apparel when playing in non-LIV events, instruct them to refrain from giving interviews without approval and insist they must assist in recruiting other players to LIV when requested, LIV Golf has been able to make major waves despite not having a national broadcast deal or big league sponsorship partners. Play began outside London at LIV Golf’s first-ever tournament days later and the rest, as they say, is history. Open champion Bryson DeChambeau, officially joined LIV Golf for a deal worth $200 million in early June. Months later, Mickelson emerged from hiding and, along with other big-name golfers like former world No. Many of Mickelson’s sponsors found the association distasteful and dropped him. The issuer is solely responsible for the content of this announcement.In February, long before the summer of golf’s discontent, an excerpt from an upcoming biography on Phil Mickelson was released that partially explained his rumored association with the yet-to-begin, Saudi-backed LIV Golf Series. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. This Press Release has been issued by APO. If I tell you I am giving you a cow, but you bring a tail, is this still the same?” he asked.ĭistributed by APO Group on behalf of Parliament of the Republic of Uganda. You bring the money in the offseason, and you bring it in bits this is what we do not understand. “There is no money – that is what they cannot tell you. He says planting seasons change and government needs to look at this. Paulson Luttamaguzi, the Nakaseke South MP, giving money in bits will not adequately meet the purpose. ![]() ![]() Members of Parliament were, however, not convinced by the minister’s statement on disbursing the funds in installments.Īccording to Hon. Unfortunately, this money was not appropriated, and it means we have to come back here for a supplementary of Shs112 billion,” he said. “The difference between what was received and the Shs17 million is what we are yet to release. On SACCOS that received less than Shs17 million, Lugoloobi said that those who received less will still receive the balance after their supplementary request is approved. ![]() Lugoloobi says that in this quarter, government will disburse Shs25 million, and in the second quarter another Shs50 million before concluding with an additional Shs25 million in the third quarter making it a total of Shs100 million this year. In response to this, Lugoloobi said that it is not true that the Government has reduced the money under the PDM but had only changed the modalities of payment. Why don’t you give out this money because it is planting season?” he asked. ![]() Secondly, information moving around is that you reduced the amount you had promised people. “They couldn’t use this money because a parish cannot share Shs9.6 million per parish. He further said that although the parishes were promised Shs17 million during the Financial Year 2021/2022, some people received only Shs9.6 million. Gerald Nangoli, the Elgon North County MP, Ugandans waited in vain for the PDM money until the planting season came and went. Members of the committee said that whereas the Government promised to send money to parishes, to date, the parishes have not received the money, while others have received less than promised.Īccording to Hon. Keefa Kiwanuka to answer concerns of suppressed budgets to ministries, departments and agencies among others.Īccording to the Government, this financial year, each of the over 8,000 parishes is expected to receive Shs100 million that will be disbursed through Savings and Credit Cooperative Organisations (SACCOS). Lugoloobi was on Tuesday, August 23, 2022, appearing before the Committee on Finance chaired by Hon. The Minister of State for Finance, Planning and Economic Development (Planning), Amos Lugoloobi, has said that government will now pay the Parish Development Model (PDM) monies in instalments due to cash flow problems.
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