The PGA Tour ended its expensive fight with Saudi Arabia's golf venture and now is joining forces with it, making a stunning announcement Tuesday of a merger that creates a commercial operation with the Public Investment Fund and the European tour.From the golf side, still to be determined is how players like Brooks Koepka and Dustin Johnson can rejoin the PGA Tour after defecting last year for signing bonuses reported to be in the $150 million range.
Monahan was headed to Toronto to meet with players. And while this likely will only lead to greater riches in golf, there still was explaining to do on why the tour would merge with a group that tried to take away some of the PGA Tour's best players and was seen as the latest example of “sportswashing.”
One news outlet broke an embargo of the announcement about 30 minutes early and before some players were able to read Monahan's memo to them. “From the very beginning, the whole initiative was how to grow the game of golf,” Al-Rumayyan said. “And I think what was achieved today was exactly that.” Monahan said the merger came together the last seven weeks, with PGA Tour board member Jimmy Dunne responsible for bringing together Monahan and Al-Rumayyan. Dunne and Ed Herlihy, chairman of the PGA Tour's board, will serve on the board of the commercial venture.
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