The golf world experienced a huge surprise news on Tuesday, when the major tours of the sport merged.
There was a significant news explosion in golf. PDO
In golf, a huge news bomb fell on Tuesday, when the sport’s biggest professional tour, the PGA Tour, the European Tour and the controversial LIV Tour sponsored by Saudi Arabia announced of their unification.
With the merger, the tours will end all their lawsuits with each other. With the merger, the tours will establish a new jointly owned organization.
The LIV Tour began operations in 2022 and has attracted several world golf stars. The intervals between major tours have been very cold since the LIV tour entered the golf world.
The LIV tour has been supported by the Saudi Arabian investment fund PIF. The PGA Tour has sanctioned players caught on the LIV tour with fines and bans.
– Today we unite golf under a common umbrella, said the commissioner of the PGA Tour Jay Monahan for the CNBC channel.
A significant goal of the new organization is to create a unified competition calendar for top golf. The PGA Tour has the right to appoint a majority of the new organization’s board of directors.