PGA Tour agrees to merge with rival LIV Golf

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PGA Tour agrees to merge with Saudi-backed rival LIV Golf

The PGA Tour agreed to merge with rival LIV Golf, which is backed by the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince.

The proposed merger comes after the PGA Tour and LIV Golf have been embroiled in lawsuits regarding antitrust claims.

The deal would end all pending litigation.

https://www.cnbc.com/2023/06/06/pga-tour-agrees-to-merge-with-saudi-backed-rival-liv-golf.html

 

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Update:

Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal

Fenway Sports Group Chairman Tom Werner confirmed that the company has had “conversations” with the PGA Tour.

The talks between Fenway and the PGA Tour raise concerns about the golf organization’s proposed business combination with Saudi-backed LIV Golf.

https://www.cnbc.com/2023/11/06/fenway-chairman-confirms-pga-tour-talks.html