PGA Tour officials send to senators 'framework' agreement deal with PIF

The “framework” agreement that united professional golf following the most tumultuous divide the game had seen in decades was, as officials have explained, a broad stroke.

PGA Tour officials turned the agreement over to lawmakers late Monday as part of a review of the deal by Sens. Richard Blumenthal (D-Conn.) and Ron Johnson (R-Wisc.). A copy of the five-page agreement obtained by GolfChannel.com outlines the “long-term strategic partnership” between the Tour, the Public Investment Fund of Saudi Arabia and the DP World Tour.

According to the agreement, the for-profit assets of the Tour, DP World Tour and the PIF (LIV Golf) will be combined into what is tentatively being called NewCo. After…