Last week, the golf world was stunned by the merger deal between the PGA Tour and LIV Golf. Negotiations for the deal reportedly took just a few weeks. Interestingly, the deal seems to be connected to a wedding related to Formula 1 racing, according to a report in the New York Times. The report also revealed that the PGA Commissioner and the governor of the Saudi Public Investment Fund, Yasir Al-Rumayyan, spoke for the first time in person in Venice, Italy, before weeks of negotiations in London, New York, and San Francisco. The wedding happened to be that of Lawrence Stroll’s daughter, the owner of Aston Martin F1 team, in which Al-Rumayyan’s Saudi Aramco is a key investor. The Venice meeting seems to have been pivotal in sparking more negotiations and will likely end lawsuits that may have cost the PGA hundreds of millions in legal fees. The PGA and LIV are yet to comment further on the deal.
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