After over a year of division, the PGA Tour, DP World Tour and LIV Golf, via the Saudi Public Investment Fund that bankrolls it, have announced a historic merger, it has been annoucned. The three parties have come together to “unify the game of golf, on a global basis”.
On the news, PGA Tour commissioner Jay Monahan said: “After two years of disruption and distraction, this is a historic day for the game we all know and love. This transformational partnership recognizes the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV – including the team golf concept – to create an organization that will benefit golf’s players, commercial and charitable partners and fans.
“Going forward, fans can be confident that we will, collectively, deliver on the promise we’ve always made – to promote competition of the best in professional golf and that we are committed to securing and driving the game’s future.”
“We are pleased to move forward, in step with LIV and PIF’s world-class investing experience, and I applaud PIF Governor Yasir Al-Rumayyan for his vision and collaborative and forward-thinking approach that is not just a solution to the rift in our game, but also a commitment to taking it to new heights. This will engender a new era in global golf, for the better.”
Today’s announcement will be followed by a mutually agreed end to all pending litigation between the participating parties
More to follow…
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