The rivalry between LIV Golf and the PGA Tour is over, as the 2 leagues have come to an settlement to hitch forces. As a substitute of competing, LIV Golf and the PGA Tour will merge into one industrial enterprise, backed by the Saudi Public Funding Fund.
The tense authorized battle between the PGA Tour and LIV Golf League has lastly come to an finish, as the 2 leagues are set to merge into a bigger industrial enterprise. It’s been two years since LIV Golf disrupted the world of golf by luring extremely ranked gamers away from the PGA Tour. Now, in a brand new beautiful improvement, the 2 bitter rivals have agreed to merge for the nice of the sport.
The deal was made with out the information of many PGA Tour members, LIV Golf gamers, or brokers understanding. Each excursions consider it’s a “landmark settlement to unify the sport of golf, on a world foundation”.
🚨 LIV Golf and PGA Tour attain settlement on a landmark merger to unify world golf. pic.twitter.com/Jra4oCuDNx
— LIV Golf Newest (@LIVGolfLatest) June 6, 2023
LIV Golf Has Had A Main Influence On The Recreation
Since LIV Golf got here onto the scene, the sport of golf has modified for the higher in a number of other ways. With Saudi Arabia’s Public Funding Fund backing LIV Golf tournaments, the PGA Tour had no choice aside from to supply extra money in the course of the tournaments.
Alternatively, the LIV Golf League confronted numerous totally different challenges, together with low viewership numbers and non-existent rating factors. Previous to the merger, all LIV Golf occasions weren’t thought of by the Official World Golf Rankings, forcing gamers from the league to slide out of rivalry for main championships.
Now, the 2 events have agreed to merge with circuits from each events signing an settlement that “combines PIF’s golf-related industrial companies and rights (together with LIV Golf) with the industrial companies and rights of the PGA Tour and DP World Tour into a brand new, collectively owned, for-profit entity to make sure that all stakeholders profit from a mannequin that delivers most pleasure and competitors among the many recreation’s greatest gamers.”
LIV Golf and PGA Tour Drop All Lawsuits
Now that the 2 circuits have agreed to merge, all lawsuits towards each events can be dropped.
As a part of the settlement, the three teams will discover a honest and goal course of for all gamers who wish to re-apply for the PGA Tour or DP World Tour after the tip of the 2023 season.
The deal had come to an in depth shortly after LIV Golf member, Brooks Koepka received the PGA Championship, one of many 4 main titles.
