Golf

LIV Golf, a Saudi-supported competitor, to merge with PGA Tour.

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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 … Read more

According to sources, Saudi Arabia is considering investing $2 billion in a new PGA-LIV tour while the PGA will retain its control.

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According to an undisclosed source, the Saudi-backed fund supporting LIV Golf is acquiring a 20% stake in the union between the European DP World Tour and the PGA Tour, which could cost about $2 billion at current valuations. The Public Investment Fund of Saudi Arabia will be a minor investor, with the PGA Tour maintaining … Read more