By DOUG FERGUSON (AP Golf Author)
Probably the most disruptive yr in golf ended Tuesday when the PGA Tour and European tour agreed to a merger with Saudi Arabia’s golf pursuits, making a enterprise operation designed to unify expert golf world large.
As part of the deal, the edges are dropping all lawsuits involving LIV Golf in direction of each other environment friendly immediately.
Nonetheless to be determined is how avid gamers like Brooks Koepka and Dustin Johnson, who defected to Saudi-funded LIV Golf for nine-figure bonuses, can rejoin the PGA Tour after this yr.
Additionally unclear was what form the LIV Golf League would take in 2024. Commissioner Jay Monahan said in a memo to avid gamers {{that a}} thorough evaluation would resolve simple strategies to mix workforce golf into the game.
The settlement combines the Public Funding Fund’s golf-related enterprise corporations and rights — along with LIV Golf — with these of the PGA and European excursions. The brand new entity has not been named.
“They had been happening their path, we had been happening ours, and after quite a lot of introspection you understand all this rigidity within the recreation will not be a great factor,” Monahan said in a cellphone interview with The Related Press.
“We now have a accountability to our tour and to the sport, and we felt just like the time was proper to have that dialog.”
Yasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund, shall be a part of the board of the PGA Tour, which continues to operates its tournaments. Al-Rumayyan could be chairman of the model new enterprise group, with Monahan as a result of the CEO and the PGA Tour having a majority stake inside the new enterprise.
The PIF will put cash into the enterprise enterprise.
Monahan said the selection obtained right here collectively over the previous seven weeks.
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