The PGA Tour and European Tour agreed to a merger with Saudi Arabia’s golf interests, creating a commercial operation designed to unify professional golf around the world.
As part of the deal, the sides are dropping all lawsuits involving LIV Golf against each other effective immediately. Still to be determined is how players like Brooks Koepka and Dustin Johnson, who defected to the Saudi-funded LIV Golf for nine-figure bonuses, can rejoin the PGA Tour after this year. Also unclear was what form the LIV Golf League would take in 2024.
PGA Tour Commissioner Jay Monahan said in a memo to players that a thorough evaluation would determine how to integrate team golf into the game.
The agreement combines the Saudi Arabian Public Investment Fund’s golf-related commercial businesses and rights—including LIV Golf—with those of the PGA and European tours. The new entity hasn’t been named.