He called this one. Once a businessman, always a businessman. The LIV golfers made a ton of money while working a lot less for the last couple of years. The PGA golfers lost out on hundreds of millions of dollars.
The PGA Tour announced Tuesday that it is merging with Saudi-backed LIV Golf in a shocking development intended to end the rivals’ public hostilities and extensive ongoing litigation.
The parties agreed to combine their commercial businesses and rights into a new entity, the name of which has not yet been released. LIV Golf Investments, the firm spearheading the LIV tour, is supported by the Saudi regime’s sovereign wealth fund.
Over the last year, LIV and the PGA have been entangled in multiple antitrust lawsuits, which will reportedly be quashed as part of the agreement. Golfers and fans who remain loyal to the PGA have attacked LIV as a so-called “sports-washing” vehicle for the Saudi regime to distract from its extensive record of human-rights abuses.
“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. “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.”
Delusions of Adequacy 