PGA Tour and LIV Golf Announce Merger

PGA Tour has merged with its rival LIV Golf, which is backed by Saudi Arabia. A new, jointly-owned, for-profit entity is to be created with the aim of delivering “maximum excitement and competition among the game’s best players.” The new board of directors for the unnamed organisation will include Jay Monahan as chief executive officer and Public Investment Fund Governor Yasir Al-Rumayyan as chairman, with an executive committee including both men as well as PGA Tour Policy Board Chairman, Ed Herlihy, and PGA Tour Policy Board member, Jimmy Dunne. The PGA Tour, DP World Tour, and the Public Investment Fund are currently finalising the terms of their agreement.

Images/Source: Action News Jax