PGA TOUR, DP World Tour and PIF announce newly formed commercial entity to unify golf
PGA TOUR, DP World Tour, LIV Golf merge commercial operations under common ownership
Agreement establishes common goal to promote and grow the game globally for the benefit of all stakeholders, ends litigation
NEW YORK; RIYADH; PONTE VEDRA BEACH, Florida, June 6, 2023 – The PGA TOUR, DP World Tour and the Public Investment Fund (PIF) today announced a landmark agreement to unify the game of golf, on a global basis. The parties 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 entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.
https://www.pgatour.com/article/news/latest/2023/06/06/pga-tour-dp-world-tour-and-pif-announce-newly-formed–commercial-entity-to-unify-golf