In a shocking move, the PGA Tour are set to merge with Saudi-backed LIV Golf along with the DP World Tour to create a “new, collectively owned, for-profit entity.”
The PGA Tour have agreed to merge with the Saudi backed project in a deal that will end any pending litigation and bring the sport of golf back together.
The two companies have signed an agreement that combines both of the commercial businesses into a new, yet-to-be-named for-profit company on what PGA Tour commissioner Jay Monahan has described as a historic day for golf.
“This is a historic day for the game we all know and love.”
The PGA TOUR, DP World Tour and PIF announce landmark agreement to unify men’s professional golf.
— PGA TOUR (@PGATOUR) June 6, 2023
Monahan spoke shortly after the merger on Tuesday afternoon, describing the ‘transformational partnership’ that golf is about to be treated to.
“This transformational partnership recognises 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 organisation that will benefit players, partners and fans.”
The surprising deal comes just a year after LIV golf was initially introduced, when the controversial Saudi-funded series caused a split in the sport.
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An official anti-trust lawsuit was filed against the PGA Tor last August by 11 golfers before the LIV Golf takeover, which was due to be heard in 2024.
The DP World Tour won a legal battle against 12 LIV players who committed serious breaches to the code of conduct in April when playing LIV Golf events without permission, but those players banned will now be able to return to action thanks to the merger.
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