The PGA Tour has announced a merger that creates a commercial operation with the Public Investment Fund and the European tour. This means the PGA is joining forces with LIV Golf, and that ends all pending litigation.
The governor of Saudi Arabia’s sovereign wealth fund joins the PGA Tour board of directors and leads the new venture as chairman, though the PGA Tour will have a majority stake.
The PGA TOUR, DP World Tour and PIF announce landmark agreement to unify men’s professional golf.
— PGA TOUR (@PGATOUR) June 6, 2023
Breaking: The PGA Tour, LIV Golf and the DP World Tour have merged "to unify the game of golf," it was announced Tuesday.
More: https://t.co/PVIW1GKF5Y pic.twitter.com/Eytna4X7xp
— ESPN (@espn) June 6, 2023
The most disruptive year in golf is coming to an end. The PGA Tour and European tour have agreed to a merger with Saudi Arabia’s golf interests. https://t.co/gpPEK4y0Hf
— CBS 13 News (@WGME) June 6, 2023
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