PGA Tour and LIV Golf merge. — Update

PGA Tour and LIV Golf Announce Merger Agreement

The world of golf is about to get a major shakeup as the PGA Tour and Saudi-backed LIV Golf have announced a merger agreement. This groundbreaking deal is set to unify the game of golf on a global basis, bringing together two of the biggest golf tours in the world.

Joint Press Release:

“The PGA TOUR, DP World Tour and the Public Investment Fund (PIF) today announced a landmark agreement to unify the game of golf, on a global basis. The parties have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.

In addition, PIF will make a capital investment into the new entity to facilitate its growth and success. The new entity (name TBD) will implement a plan to grow these combined commercial businesses, drive greater fan engagement and accelerate growth initiatives already underway. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward.

Notably, today’s announcement will be followed by a mutually agreed end to all pending litigation between the participating parties. Further, the three organizations will work cooperatively and in good faith to establish a fair and objective process for any players who desire to re-apply for membership with the PGA TOUR or the DP World Tour following the completion of the 2023 season and for determining fair criteria and terms of re-admission, consistent with each Tour’s policies.”

The agreement includes DP World Tour and the Public Investment Fund, and is set to change the face of golf as we know it. Stay tuned for more updates on this exciting development!

What This Means for Golf Fans

If you’re a fan of golf, this merger agreement is big news. It means that you’ll be able to see the best golfers from around the world compete on a global stage, with more tournaments and events than ever before.

With the PGA Tour and LIV Golf coming together, you can expect to see some of the biggest names in golf facing off against each other in exciting new tournaments. This is a great time to be a golf fan!

Stay Up-to-Date

This is a breaking story, and we’ll be updating this page with more information as it becomes available. Be sure to check back regularly to stay up-to-date on all the latest news and developments in the world of golf!