LIV Golf, which competes with the PGA Tour, will finish its 2024 season in North Texas. Huddleston, an oil magnate and owner of Maridoe Golf Club, discussed the big event in an interview with Sports Business Journal.
It may be a small fraction of the company, but activist investors in Apple and ExxonMobil have accomplished a lot, with a lot less.
Wall Street has countless stories of investors acquiring stakes in companies for which they seem like very bad fits—Bill Gates investing in Waste Management, America’s leading garbage company; Warren Buffett getting into American Airlines, Delta, United, and Southwest a few years after calling the airline business a “death trap.” Yet Republican high-haired former presidential hopeful-turned-Trump campaigner Vivek Ramaswamy jumping into bed with left-leaning, listicle-heavy BuzzFeed is still likely to cause a double take.