PGA Tour, DP World Tour and LIV announce new business entity to unify men’s golf
Euskaraz irakurri: PGA Tourrek, DP World Tourrek eta LIVek gizonezkoen golfa bateratuko duen erakunde berri bat iragarri dute
He PGA Tour, DP World Tour and the Public Investment Fund (PIF), circuit owner LIV Golfhave announced a historic agreement on Tuesday to unify the game of golf worldwide.
“The parties have entered into an agreement combining the golf-related business and commercial rights of the PIF (including LIV Golf) with the business and commercial rights of the PGA Tour and the DP World Tour into a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that offers maximum excitement and competition among the best players in the game,” the three announced in a statement.
This unexpected move ends months of open confrontation and head-on clash between the PGA Tour and the controversial LIV Golfan initiative backed by Saudi Arabia and which aspired to organize a tour that would rival the US-based tour in quality and prestige.
The resignation of top-level players to PGA Tour path of a LIV Golf with much more succulent economic prizes, it opened a huge crack in the world of golf that now seems to be closing.
The first immediate effect of this agreement is the resolution of the pending legal cases that existed between the PGA Tourhe LIV Golf and the DP World Tour. A new organization will emerge from this pact to lead world golf, the name of which is still unknown.
“The new entity will work to ensure a cohesive calendar of events that will be exciting for fans, sponsors and all interested parties,” they said.
They also pointed out that the players who left the PGA Tour and the DP World Tour to go to LIV Golf They will be able to return to those circuits. This would be the case of very prominent players like the Spanish Sergio GarciaAmericans brooks koepka, dustin johnson and Phil MickelsonEnglishmen Ian Poulter and Lee Westwood or the mexican abraham anceramong others.
Source: Eitb
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
