• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

PGA Tour, LiV Golf, and DP World Tour Announce Groundbreaking Merger

by Thomas Babychan
June 7, 2023
in Business, Gaming, Markets, News, Trending, World
Reading Time: 3 mins read
0
PGA Tour, LiV Golf, and DP World Tour Announce Groundbreaking Merger
TwitterWhatsappLinkedin

In a stunning twist, the PGA Tour, the renowned golf tour organizer based in Florida that oversees golf tournaments in the United States and North America, has made an unexpected announcement that they will merge with LiV Golf, another prominent golf tour owned and financed by the Public Investment Fund of the Kingdom of Saudi Arabia.

You might also like

Oracle Offers Steep Discounts to US Government as Stock Hits New Highs

Vaibhav Taneja: The Indian-Origin Tesla CFO Chosen by Elon Musk as Treasurer for America Party

How to Get Horadric Arcanas in Diablo 4

In a joint statement released on Tuesday, the PGA Tour, LiV Golf, and the DP World Tour made a significant announcement. The three entities have declared their decision to merge, with the objective of establishing a new, jointly owned, for-profit organization.

This strategic move aims to enhance the experience for all stakeholders involved by fostering heightened excitement and competition among the top golfers in the game.

Several Golfers Reportedly Asked For PGA Tour Commissioner Jay Monahan ...
PGA Tour commissioner Jay Monahan

In a statement on Tuesday, PGA Tour commissioner Jay Monahan expressed his belief that the recent announcement is a historic moment for the world of golf. After enduring two years of distractions and disruptions, he emphasized that this merger marks a significant milestone.

Monahan assured fans that moving forward, they can have confidence in the collective commitment to uphold the longstanding promise of promoting top-level competition in professional golf. He reiterated the shared dedication to safeguarding and advancing the future of the sport

In addition to the PGA Tour, the PGA European Tour will also be joining forces with LiV Golf to establish a new unified, for-profit entity. Under this arrangement, the Public Investment Fund will serve as the exclusive investor for the new organization.

The PGA Tours will retain the right to appoint a majority of the board members, ensuring their continued influence. Jay Monahan, the current commissioner of the PGA Tour, is set to assume the role of CEO in the newly formed entity.

Reports have surfaced suggesting that the Public Investment Fund plans to inject billions of dollars into the development of the sport of golf.

PGA Tour And Saudi-Backed LIV Golf Agree To Merge, Ending Bitter Legal Feud

The announcement of the merger came as a shock to numerous high-ranking players participating in the PGA Tour. Prominent figures like Collin Morikawa, a two-time major winner, indicated that they learned about the news through social media as it broke.

Morikawa expressed his surprise with a tweet saying, “I love finding out morning news on Twitter.” Following the decision, it has been reported that PGA Tour commissioner Jay Monahan held meetings with several players, leading to intense debates and discussions regarding the merger with LiV Golf.

From Competitors to Collaborators

Back in 2022, when LIV Golf was launched, the PGA Tour made it clear that any players or members who took part in LIV Golf tours, which could potentially clash with PGA Tour events, would face penalties such as fines, suspensions, or even bans.

US PGA Championship: Brooks Koepka sees off strong challenges from Adam ...

The PGA Tour made an announcement on June 9, 2022, stating that any of its members who took part in the first LIV Golf tournament, whether they were current members or had recently left, would be disqualified from participating in PGA Tour events and would no longer be eligible for the Presidents Cup.

In an intriguing turn of events, the PGA Tour, which regarded LIV Golf as a competitor just a few months ago, is now finalizing a merger with the very same organization. This unexpected development comes after a span of two years, during which the two tours were seen as separate entities vying for players and attention in the golfing world.

Tweet54SendShare15
Previous Post

WWDC23: A Glimpse into the Next Generation of Apple Products

Next Post

Central govt not looking at any tailored incentives as of now for Tesla but states are free to do so; says report

Thomas Babychan

Thomas Babychan is an experienced business and economic journalist with a focus on international trade, stock market, banking, and multilateral organizations. He also has expertise in international relations and diplomacy.

Recommended For You

Oracle Offers Steep Discounts to US Government as Stock Hits New Highs

by Rounak Majumdar
July 7, 2025
0
Oracle Offers Steep Discounts to US Government as Stock Hits New Highs

Oracle has entered into a significant agreement with the US General Services Administration (GSA), offering federal agencies a 75% discount on its license-based software and substantial reductions on...

Read more

Vaibhav Taneja: The Indian-Origin Tesla CFO Chosen by Elon Musk as Treasurer for America Party

by Rounak Majumdar
July 7, 2025
0
Vaibhav Taneja: The Indian-Origin Tesla CFO Chosen by Elon Musk as Treasurer for America Party

Vaibhav Taneja’s story is a testament to the power of discipline and expertise quietly shaping global boardrooms. Born and raised in Delhi in 1977, Taneja’s academic path began...

Read more

How to Get Horadric Arcanas in Diablo 4

by Khilav Jadav
July 7, 2025
0
How to Get Horadric Arcanas in Diablo 4

Horadric Arcanas are one of the most sought-after components in Diablo 4 Season 9, offering powerful modifiers to enhance your custom Horadric Spells. These rare drops can drastically...

Read more
Next Post

Central govt not looking at any tailored incentives as of now for Tesla but states are free to do so; says report

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?