HEAT ALERT

Hot and humid weather moves in. Steamy heat will peak Thursday into Friday on Long Island

PGA Tour, Europe to merge with Saudis and end LIV Golf litigation

As part of the deal, the sides are dropping all lawsuits involving LIV Golf against each other effective immediately.

Associated Press

Jun 6, 2023, 2:37 PM

Updated 377 days ago

Share:

The most disruptive year in golf ended Tuesday when 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 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. 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 Public Investment Fund's golf-related commercial businesses and rights - including LIV Golf - with those of the PGA and European tours. The new entity has not been named.
“They were going down their path, we were going down ours, and after a lot of introspection you realize all this tension in the game is not a good thing,” Monahan said in a phone interview with The Associated Press.
“We have a responsibility to our tour and to the game, and we felt like the time was right to have that conversation.”
Yasir Al-Rumayyan, the governor of Saudi Arabia’s sovereign wealth fund, will join the board of the PGA Tour, which continues to operates its tournaments. Al-Rumayyan will be chairman of the new commercial group, with Monahan as the CEO and the PGA Tour having a majority stake in the new venture.
The PIF will invest in the commercial venture. Monahan said the decision came together over the last seven weeks.


More from News 12
2:25
HEAT ALERT: Steamy weather moves in with heat peaking in the 90s for Long Island

HEAT ALERT: Steamy weather moves in with heat peaking in the 90s for Long Island

Police: Singer Justin Timberlake arrested in Sag Harbor

Police: Singer Justin Timberlake arrested in Sag Harbor

2:18
Long Beach City Council to vote on emergency powers for city manager following shooting, illegal gathering

Long Beach City Council to vote on emergency powers for city manager following shooting, illegal gathering

0:22
Police: Man wanted for stealing tools, security camera from Coram garage

Police: Man wanted for stealing tools, security camera from Coram garage

1:50
Sachem, West Babylon residents to revote on school spending plans

Sachem, West Babylon residents to revote on school spending plans

1:26
Made on Long Island: Kate’s Vintage Rose in Stony Brook

Made on Long Island: Kate’s Vintage Rose in Stony Brook

2:17
Long Islanders prep to beat the heat

Long Islanders prep to beat the heat

2:03
Long Beach completes first full day with new restrictions

Long Beach completes first full day with new restrictions

1:50
Mineola resident says Confederate soldiers should be removed from memorial

Mineola resident says Confederate soldiers should be removed from memorial

2:05
Village of Hempstead says residence where fire broke out was ‘unfit’ to live in

Village of Hempstead says residence where fire broke out was ‘unfit’ to live in

1:48
Man sentenced to up to 21 years in prison for crash that killed married couple in Laurel Hollow

Man sentenced to up to 21 years in prison for crash that killed married couple in Laurel Hollow

0:40
Freeport man sentenced to up to 18 years in prison for DWI crash that killed 3

Freeport man sentenced to up to 18 years in prison for DWI crash that killed 3

0:48
'It becomes a public health threat.' Suffolk legislators discuss new Fire Island wastewater treatment plan

'It becomes a public health threat.' Suffolk legislators discuss new Fire Island wastewater treatment plan

2:03
Nassau County reports budget surplus again, wants end of NIFA control over finances

Nassau County reports budget surplus again, wants end of NIFA control over finances

1:43
Main Street Long Island: Showcasing the best of Lynbrook

Main Street Long Island: Showcasing the best of Lynbrook

1:36
Paws & Pals: Dogs up for adoption at Remember Me Rescue NY on June 17

Paws & Pals: Dogs up for adoption at Remember Me Rescue NY on June 17

0:29
Nassau police: 2 women charged in Franklin Square home burglary

Nassau police: 2 women charged in Franklin Square home burglary

All lanes clear on Southern State parkway following overturned vehicle crash

All lanes clear on Southern State parkway following overturned vehicle crash

2:07
New beach rules limiting access take effect after shooting in Long Beach

New beach rules limiting access take effect after shooting in Long Beach

2:15
Police: Woman arrested for motorcyclist hit-and-run in Patchogue

Police: Woman arrested for motorcyclist hit-and-run in Patchogue