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On Tuesday, the parties announced that all legal disputes have ended and commercial activities will be merged.
The move is “a groundbreaking agreement to standardize the game of golf worldwide,” it said in a statement. As part of the merger, the Public Investment Fund, which includes LIV Golf, has signed an agreement to combine its golf operations and rights with the PGA Tour and the DP World Tour (formerly the European Tour).
Introduction of the LIV Tour led to the split
A “profit-making joint venture is being established to ensure that all stakeholders benefit from a model that provides maximum excitement and competition among the best players in the game.”
The introduction of the LIV Tour 2022 had divided the golf world. The highly controversial series was financed by Saudi Arabia with astronomical sums. The US PGA Tour excluded professionals from participating in competitive competition. Both sides sued each other. (AFP)
Source : Blick
I’m Emma Jack, a news website author at 24 News Reporters. I have been in the industry for over five years and it has been an incredible journey so far. I specialize in sports reporting and am highly knowledgeable about the latest trends and developments in this field.
