PGA Tour Announces, Surprise Partnership With, Rival Golf Tours.<br />CNN reports that the PGA Tour is poised to partner <br />with LIV Golf, bringing an end to a feud that <br />has impacted the sport for the past year.<br />On June 6, the PGA Tour made the surprising <br />announcement, stating that the partnership <br />was meant to "unify the game of golf.".<br />On June 6, the PGA Tour made the surprising <br />announcement, stating that the partnership <br />was meant to "unify the game of golf.".<br />The parties have signed an agreement that <br />combines PIF’s golf-related commercial <br />businesses and rights (including LIV Golf) <br />with the commercial businesses and rights <br />of the PGA Tour and DP World Tour into <br />a new, collectively owned, for-profit entity, PGA Tour announcement, via CNN Sports.<br />The parties have signed an agreement that <br />combines PIF’s golf-related commercial <br />businesses and rights (including LIV Golf) <br />with the commercial businesses and rights <br />of the PGA Tour and DP World Tour into <br />a new, collectively owned, for-profit entity, PGA Tour announcement, via CNN Sports.<br />According to a spokesperson for the PGA Tour, <br />the new relationship is not a merger, rather , “a partnership/creation of a new commercial entity.”.<br />In June of 2022, the LIV Golf series <br />launched with the support of <br />Saudi Arabia's Public Investment Fund (PIF). .<br />However, players who participated <br />in the LIV Golf series were subsequently <br />banned from competing in PGA events.<br />CNN reports that the PIF is a sovereign wealth <br />fund headed by the Crown Prince of <br />Saudi Arabia, Mohammed bin Salman.<br />CNN reports that the PIF is a sovereign wealth <br />fund headed by the Crown Prince of <br />Saudi Arabia, Mohammed bin Salman.<br />Since the launch of the LIV Golf series, the two rival <br />tours have taken part in a number of legal battles.<br />Since the launch of the LIV Golf series, the two rival <br />tours have taken part in a number of legal battles.<br />CNN reports that the new partnership would <br />mutually bring those pending cases to a close.<br />Together we will be stronger than ever <br />and well positioned to continue to bring <br />the game to all corners of the globe. <br />To partner in this new entity and influence <br />the growth of the game for all our DP World <br />Tour members is energizing and exciting, Keith Pelley, Chief Executive of <br />the DP World Tour, , via CNN Sports.<br />Together we will be stronger than ever <br />and well positioned to continue to bring <br />the game to all corners of the globe. <br />To partner in this new entity and influence <br />the growth of the game for all our DP World <br />Tour members is energizing and exciting, Keith Pelley, Chief Executive of <br />the DP World Tour, , via CNN Sports
