The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf, the entities announced Tuesday.
The surprise agreement would end litigation filed by both entities toward one another, and they would move forward with a yet-to-be-named company.
LIV Golf is backed by the Saudi Arabia Public Investment Fund. It has been recruiting PGA Tour players to the new golf circuit for at least a year, including high-profile players such as Phil Mickelson, Brooks Koepka, Bryson DeChambeau, and Dustin Johnson.
The agreement also includes DP World Tour coming into the fold.
“After two years of disruption and distraction, this is a historic day for the game we all know and love,” PGA Tour commissioner Jay Monahan said in a statement Tuesday.
“This transformational partnership recognizes 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 organization that will benefit golf’s players, commercial and charitable partners and fans.”
