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NEW YORK. — The PGA Tour and DP World Tour announced yesterday that they have merged their commercial operations with the Saudi-backed LIV Golf and ended all litigation, bringing to a close the sport’s two-year rift. 

The US-based PGA Tour said they had “signed an agreement that combines PIF’s (Saudi Public In-vestment Fund’s) golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA TOUR and DP World Tour into a new, collectively owned, for-profit entity”. 

LIV Golf was launched in October 2021 and lured top PGA Tour talent with record $25 million purses and money guarantees. The competition is currently in its second season. 

The PGA Tour responded to the emergence of a rival tour by banning LIV players while the DP World Tour has handed out heavy fines to its players. 

The rift had led to a series of lawsuits and caused acrimony between players. 

“After two years of disruption and distraction, this is a historic day for the game we all know and love,” said PGA Tour commissioner Jay Monahan. 

“This transformational partnership recognises the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV — including the team golf concept — to create an organisation that will benefit golf’s players, commercial and charita-ble partners and fans,” he added. 

The name of the new merged entity and the precise structure of the tours has yet to be announced but the PGA Tour said that the parties had agreed to “establish a fair and objective process for any players who desire to re-apply for membership with the PGA Tour or the DP World Tour following the completion of the 2023 season”. 

While both the PGA Tour and the DP World Tour issued statements, there was no separate state-ment from LIV but the PGA Tour included comments from PIF governor Yasir Al-Rumayyan. — AFP