The Golf PGA Tour and Saudi Arabia-backed LIV have agreed to a commercial relationship

The US PGA Tour and breakaway Saudi-backed League LIV have agreed to join forces, ending a long-running feud that has bitterly divided men’s professional golf.

The PGA Tour, the European Tour and the Saudi State Investment Fund have announced that they have agreed to create a new jointly controlled entity to house their commercial activities and intend to end any ongoing litigation.

The new entity includes LIV Golf, the Saudi-backed golf league that has paid hundreds of millions of dollars to win the sport’s top players.

The tours also said they want to create a pathway for players who have left U.S. and European courses for LIV Golf to reapply for membership.

The deal resolves a dispute between the established tours and LIV, which have clashed over the future of the sport in a saga that has highlighted how the oil-rich kingdom’s billions influence global sport.

The arrival of LIV shattered men’s professional golf as the Saudi series attracted the sport’s top names, with Brooks Koepka, Phil Mickelson and Dustin Johnson switching affiliations to LIV over the incumbent US tour.

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Source: https://www.ft.com/content/9f3f69d0-056a-4411-af3c-c5a8ca662059