The PGA Tour will merge with Saudi-backed rival LIV Golf, according to an announcement Tuesday.
The Public Investment Fund (PIF), which sponsors the PGA Tour, DP World Tour (PGA European Tour) and LIV Golf, announced the merger in a statement Tuesday. share On the PGA Tour website. All commercial operations associated with the three entities will be combined into a single golf giant that has yet to be named.
All parties involved in the merger “mutually agreed to terminate all litigation pending between the participating parties,” the statement said. Niche details of the deal still need to be worked out, but all parties seem happy with the decision.
The PGA Tour, DP World Tour and PIF announce a landmark agreement to unite professional men’s golf.
— PGA TOUR (@PGATOUR) June 6, 2023
“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 statement. “This transformative partnership recognizes the immense strength of the PGA TOUR’s history, heritage and promotional model, and combines it with the DP World Tour and LIV (including the team golf concept) to bring golfers, commercial , creating an organization that benefits philanthropy, partners and fans alike.” His sentiments were echoed by members of the PIF and DP World Tour. (Related: Hilarious video showing how President Trump survived the ‘backoff challenge’)
The two giants of golf have been subjecting professional golfers, funders and fans to a constant back-and-forth quarrel for too long to remember when it began. Check out this space for the unfolding of this story.
