“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.
– to create an organisation that will benefit golf’s players, commercial and charitable partners and fans.”The PGA Tour, DP World Tour and LIV Golf, which is backed by Saudi Arabia’s Public Investment Fund , have signed an agreement which 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.
for the first LIV Golf tournament, the established powers have buckled, brought to their knees and their senses by the sheer enormity of the economic forces ranged against them.
💬 The shotgun wedding is a comprehensive victory for the Saudis, giving them the legitimacy they sought across a global platform. For the PGA Tour and the DP World Tour it amounts to a humiliating climbdown, writes GARSIDEK
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