In a shocking and historic move, the PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund have agreed to a merger that will see the PIF’s golf-related business (LIV Golf) combine with the other tours in what is being described as “a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game’s best players.”
A Board of Directors will be appointed to manage the commercial golf business with the PGA Tour appointing a majority of the members and holding a majority voting interest. The new, unnamed business “will work to ensure a cohesive schedule of events that will be exciting for fans, sponsors and all stakeholders,” according to the press release announcing the deal.
Other than the PGA Tour, DP World Tour and LIV Golf holding investments in the entity, the PIF will make a new, exclusive investment and retain exclusive rights to make further investments, including the opportunity to refuse any capital that may be invested.
– Kyle Porter, CBS Sports Writer
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44 Comments
DOWN GOES FRAZIER, DOWN GOES FRAIZER !!!!! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA
Lame
not wanting to "open" their "books" is the clearest sign of deceit. Killing the game of Golf, total Negative for Golf.
this is the only avenue that could have been peaceably taken…..Golf Channel has been creating the hatred when Saudi is in almost every sports platform….Rory and Tiger have taken millions from these guys….. better now that way down the road where the haters will ruin the sport of golf….money is behind it all as it is a BUSINESS….. just like Brady going to Tampa…Russel Wilson going to Denver….Rogers going to New York all these guys cashing in calling the shots….no difference whatsoever….
Well, well, well, look at what we have here. Suck it PGA. It makes you wonder what everyone is hiding when you settle because you do not want to open your books. That goes for all involved.
I heard the LPGA has a new impressive golfer. Maybe watching the ladies will be more interesting.
15 of 19, never forget.
Is it shocking that billions of dollars makes each other friends?
the pga is now half owned by a family that cheers on beheadings, murder, rape, and the imprisonment of journalists. why?? why would the pga sell? if EVERY "great" golfer went to the saudis and tarnished their own brands, the golfers in the pga would be seen as great humans, stellar human beings, and i guarantee you that the american people would have supported them over the "blood, murder, death golf brand".
There's millions of people paying attention to LIV outside of America
Players need to join forces and strike the PGA tour. They are the product. No players, no PGA.
All the PGA players pissed they never got the paydays LIV golfers got
Asta la vista! Will no more watch golf on TV or any other media. Done. My 2 cents
PGA will not control it….Saudi Arabia will run this ….I believe the players should separate and set up their own tour
pga players get screwed again…good……
jay is a judas…..
All of the equipment and sponsorship are from overseas and built in sweat shops.
Boycott the US Open!
This will go down as the biggest sports blunder in history.
PGA & DP World tour players NOT allowed to play LIV events, but LIV players go where they want?? This is a merger??
Can't believe that the murderous Saudi's have got away with this…The PGA should've let them go broke…
Who are the PGA Tour's stars? They've got some great players, few stars. Tiger is a star, no longer a great player. Most stars left for LIV. Long time golf fans have watched them for years and years. Do you think we liked it when a bunch of fat cats and nobodies trashed people we viewed as almost friends for making decisions about what was best for them and their families? And morals? Tiger Woods, the poster child for the tour, has no morals and never did. He just won a lot and made a lot of people a ton of money. Any parent who wants their kid to grow up like Woods is a fool. The PGA Tour showed a total lack of class. And now exposed itself for what it really is. Greedy hypocrites.
They are a lot of GOLFERS WHO ARE PUNCHING THE AIR RIGHT NOW for not taking buckets of MILLIONS when it was offered to them, Including Tiger Woods who was reported turning down 800.000.000 Dollars, He has to be sick at this moment and to add insult to injury wasn't even Contacted to made aware of the Merger.
Phil mickerson is laughing in the bank took 200 million dollars contract. The loser pga didn’t take the guarantee money contract. The loser tiger woods didn’t take 1 billion dollars contracts from liv golfer.
F the PGA if they didn’t negotiate anything for holdout players like Tiger, Rory, Matsuyama, Spieth, and Zalatoris. their loyalty cost them $100s of millions
Finally a good explanation. Thank you!
Now what will the PGA do with the Trump golf courses. After January 6,PGA pulled all tournaments from Trump courses. Right now,LIV golf uses 2 Trump courses.
would not be surprising to learn that Tiger and Rory were in some way involved with this. Both have been silent for a couple of months. Would explain the mental difficulties that Rory has been going through. Supposedly been under negotiations for about 7 weeks, the week after the Masters.
If you believe Greg Norman had no idea, you'll believe anything 🤦🏻♂️
Thanks, now a terrorist nation controls the world of golf. Thanks so much Greg and Phil, you ruined the fucking game
Used to be dealing with the Saudis was taking blood money. Pepperidge Farms remembers.
Saudi-Owned professional golf. We still have the PGA – the Prince's Golf Association.
Jay Monahan and the PGA had no clue what they could be up to on the lawsuit … unfortunately in the end the court wanted the PGA (Jay Monahan) to open their books but Jay M. refused …. that decision was a catastrophic error a blunder of EPIC proportion …. as such the PGA and JM was Checkmate. Jay lied to the PGA players …. he told them "don't take the $ dont go to LIV …. in the end he did the exact opposite … Jay took the deal (only who knows how much $ he is going to get from this deal ) and sold the PGA….. talk about Hypocrisy that is Jay Monahan….
Choker Rory McIlroy nowhere to be found … he and Cry baby Billy Horcshel are at Hooters with Greg begging to get a deal …. unfortunately there is lol nothing left for them except a job at the cleaners. Good for them what goes around comes around.
Ironically the NHLPA is located in Toronto😢
This Doug Bell guy sounds like as BIG a corporate mouth piece as I've ever heard in sports! Is he actually, ACTUALLY supposed to be presenting ANY kind of objective commentary here? Someone has ALREADY paid this guy a lot of money to paint one hell of a rosey picture of a completely crap-filled, back-stabbing, situation. What a hack you are, Doug Bell. "Hey, no one wanted to open their books up to scrutiny, so, thank God, now, they won't have to! And isn't THAT going to be great for golf!" – Yeah, as long as the CORPORATE OVERLORDS don't have to be transparent, then, "great for golf" … ????????????? What a complete bought SHILL, Doug "Hey, as long as I get MY cut!" Bell. He reeks of the underhandedness of this entire venture.
Lol who is the loser with a picture of Rahm behind him? The wrong side? Grow up and get out of your parents house
There was going to be a leak. They rushed this
Monahan should have NOTHING to do with this new entity!
"The LIV tour is hemorrhaging money and no one was watching' but yet the PGA tour decides to merge with them?? This reporter is a hack!
How much is he getting and his cronies, its all about money pay off.for certain individuals.
PGA Tour couldn't go toe to toe with PIF financially 😂
Money ALWAYS wins in this age.
Is Rory the sacrificial lamb ? ….. Or is PATSY a better description of just what’s occurred?
We will see when Goverment over sight is still got to happen so it's likely it doesnt stay this way…..Saudi Arabia Garbage Country with their Fiflthy Money Killing Reporters nine eleven…..*uck Saudi Arabia!!
Happy Gilmore that’s the way golf needs to be played clown fest😂