On Tuesday, the PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) announced an agreement to merge the 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 entity.
The move was announced to players in a letter from PGA Tour commissioner Jay Monahan.
The letter, printed in its entirety below, outlines the framework of what’s to come from the merger.
PGA TOUR Members:
Today is a momentous day for your organization and the game of golf as a whole.