The leaders of the PGA Tour and Saudi-backed LIV Golf have spent two years battling over the future of golf, ranting in media interviews and leading to lawsuits.
On Tuesday, rival groups announced a shocking merger.
Saudi Arabia’s Public Investment Fund, which operates the PGA TOUR, DP World Tour and LIV Golf, will combine PIF’s golf-related commercial operations and rights with those of the PGA TOUR and DP World Tour to form a new business. reached an agreement to raise Collectively owned commercial entity. The name of the newly formed group will be announced at a later date.
“After two years of turmoil and turmoil, today is a historic day for the game we all know and love,” PGA Tour Commissioner Jay Monahan said in a news release. “This transformative partnership recognizes the immense strength of the PGA TOUR’s history, heritage and professional competitive model, and combines the DP World Tour, which includes the concept of team golf, with his LIV to bring golf players, commercial , to create an organization that benefits philanthropy,” partners and fans alike. ”
This is developing news. Check back soon for updates.
