(Eric Gay / Associated Press)
Leaders of the PGA Tour and Saudi-backed LIV Golf spent two years locked in a fight over the future of golf, trading barbs during media interviews that gave way to lawsuits.On Tuesday, the rival groups announced a shocking merger.The PGA Tour, DP World Tour and the Public Investment Fund, which operates LIV Golf, reached an agreement that combines PIF's golf-related commercial businesses and rights with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity.
Leaders of the PGA Tour and Saudi-backed LIV Golf spent two years locked in a fight over the future of golf, trading barbs during media interviews that gave way to lawsuits.On Tuesday, the rival groups announced a shocking merger.The PGA Tour, DP World Tour and the Public Investment Fund, which operates LIV Golf, reached an agreement that combines PIF's golf-related commercial businesses and rights with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity.
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