The PGA Tour and LIV Golf have agreed to merge in a deal that will unite the two golf entities and resolve ongoing litigation. The agreement will combine the commercial businesses and rights of both entities, including the DP World Tour. LIV Golf, backed by Saudi Arabia’s Public Investment Fund, has been facing antitrust lawsuits with the PGA Tour. The new profit-based company will be named later, and PIF has reportedly committed to investing billions of dollars into the venture. The agreement is subject to approval from the PGA Tour policy board. The new company will establish a fair process for any players who want to reapply for membership with the PGA Tour or DP World Tour following the end of the 2023 season.
LIV Golf, a Saudi-supported competitor, to merge with PGA Tour.
