LIV Golf and PGA Tour Announce Merger into Unified League

• The PGA Tour, LIV Golf, and DP World Tour are merging under a new unified golf entity.
• The Public Investment Fund (LIV Golf) will become the exclusive investor of the new entity, with its name to be announced.
• The surprising development has been agreed upon by all three parties and will be finalized in the coming months.

PONTE VEDRA BEACH, Fla. – In a monumental Tuesday morning announcement, the PGA Tour, LIV Golf, and the DP World Tour are merging together to unite the game of golf around the globe. The three parties have signed an agreement that combines the commercial businesses and entities of each organization to create a new entity that is for-profit, collectively owned, and delivers the most exciting competition from golf’s best players.

The Public Investment Fund (PIF), which owns LIV Golf, has agreed to make a capital investment towards the future combined entity to ensure its success and growth of the game of golf. PGA Tour Commissioner Jay Monahan believes the move provides the best competition in golf and is the best move for the game’s future growth.

“After two years of disruption and distraction, this is a historic day for the game we all know and love,” claimed PGA Tour Commissioner Jay Monahan in a press release. “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.”

Monahan went on to applaud Public Investment Fund Governor Yasir Al-Rumayyan for his vision and collaborative efforts to resolve the rift in the game of golf. Yasir Al-Rumayyan will join the PGA Tour Policy Board alongside Commissioner Jay Monahan and Chairman Ed Herlihy.

The PIF Governor is excited about the merger, claiming that “Today is a very exciting day for this special game and the people it touches around the world.” “There is no question that the LIV model has been positively transformative for golf. We believe there are opportunities for the game to evolve while also maintaining its storied history and tradition. This partnership represents the best opportunity to extend and increase the impact of golf for all,” said Yasir Al-Rumayyan.

The announcement follows with a mutually agreed end to all pending litigation between the PGA Tour, LIV Golf, and DP World Tour. With these golf leagues currently in the middle of their respective seasons, they will each retain administrative oversight on events on their respective Tours.

The future unified league will have a Board of Directors to directly oversee all commercial business, expenses, and operations. The PGA Tour is appointing a majority of the Board of Directors, along with the majority of voters in the unified entity.

The combination of the world’s best players in tournaments will transform legal sports betting on golf events in the future. Agreement terms will be finalized in coming months between all parties.

News tags: DP World Tour | golf | Jay Monahan | LIV Tour | PGA Tour | Yasir Al-Rumayyan