PGA Tour and LIV Golf merge

The PGA Tour and LIV Golf, the new league founded last year by Saudi Arabia’s sovereign wealth fund, are to merge, executives announced Tuesday, ending an acrimonious split in men’s professional golf.

In the surprise announcement, the tour, along with the DP World Tour and the wealth fund, said the recent rivals had agreed to create a “new collectively owned for-profit entity to ensure all stakeholders benefit from a model that maximizes produces results.” excitement and competition between the best players in the game.”

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