On Tuesday the 6th of June 2023 the PGA TOUR, DP World Tour and the Public Investment Fund PIF (LIV Golf) announced a landmark merger agreement to unify the game of golf, on a global basis.
The PGA Tour, DP World Tour and PIF have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit.
The aim of the entity is to ensure that all stakeholders benefit from a new model that delivers maximum excitement and competition among the game’s best players.
PIF will make a capital investment into the new entity to facilitate its growth and success.
The parties also mutually agreed to end all pending litigation between them.
Updated: 7-Jun-2023 | Email feedback to this question