The combination of the PGA Tour and rival LIV circuit is the world's oddest merger, involving a nonprofit, Saudi Arabia's sovereign wealth fund and a deal contract that has no agreed price. Here is how it will work, according to people familiar with the details.The two golf tournament organizers agreed to the merger without pinning down financial terms, in a bid to end a long-running legal dispute.
PGA Tour and LIV have now signed a framework agreement that calls for investment banks M Klein & Co and Allen & Co to carry out a valuation analysis of the assets of LIV and PGA Tour, respectively. It is not clear how the two sides would proceed if disagreements arise over the valuations.A new company will be created that will be majority-owned by the existing PGA Tour, which is a nonprofit.
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PGA Tour, European Tour and LIV announce mergerThe PGA Tour, European Tour and rival Saudi-backed LIV Golf circuit announced a landmark agreement on Tuesday (Jun 6) to merge and form a commercial entity to unify golf. Additionally, the three organisations said in a joint news release that they will work cooperatively to allow a process for any LIV Golf
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PGA Tour, European Tour and LIV Golf announce mergerThe PGA Tour, European Tour and rival Saudi-backed LIV Golf circuit announced a landmark agreement on Tuesday (Jun 6) 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 Mon
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Asian Tour says PGA Tour-LIV Golf merger 'a great result'SINGAPORE: The Asian Tour called it 'a massive stride forward' for golf on Wednesday (Jun 7) after the PGA Tour announced a shock merger with the Saudi-backed LIV circuit, ending the sport's two-year civil war.
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Blindsided PGA Tour players want answers over merger with LIV GolfTORONTO : PGA Tour players were blindsided by news of a merger with the rebel Saudi-backed LIV Golf on Tuesday that left them, fans and politicians demanding answers.A bitter feud that had divided the sport for almost two years ended without warning when the PGA Tour, DP World Tour and LIV Golf announced
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Asian Tour welcomes PGA-LIV merger, Australians seek talksSYDNEY : The Asian Tour, the only one of the major regional golf bodies to have embraced Saudi-backed LIV Golf before the shock merger with the PGA Tour and DP World Tour, has welcomed the deal as 'a massive stride forward for the game'.The sporting world was stunned on Tuesday when the PGA Tour and DP Wo
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'It does stink a little bit', DeChambeau feels for PGA Tour players after LIV mergerBryson DeChambeau, the former U.S. Open champion who was one of the first big names to sign up for LIV Golf, said he felt 'bad' for the players who stayed loyal to the PGA Tour after the bombshell merger was announced on Tuesday.The sporting world was left stunned when the PGA Tour, DP World Tour and riva
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