PGA Tour, European Tour and LIV announce merger

The PGA Tour, European Tour and rival Saudi-backed LIV Golf circuit announced a landmark agreement on Tuesday to merge and form a commercial entity to unify golf.

"After two years of disruption and distraction, this is a historic day for the game we all know and love," PGA Tour Commissioner Jay Monahan said in a joint news release. The announcement of the merger includes an agreement to end all pending litigation between the participating parties. "Today is a very exciting day for this special game and the people it touches around the world," said PIF Governor Yasir Al-Rumayyan."We are proud to partner with the PGA Tour to leverage PIF's unparalleled success and track record of unlocking value and bringing innovation and global best practices to business and sectors worldwide."

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