Synaesthesia
Well-Known Member
The PGA Tour on Tuesday announced that it was merging with LIV Golf, the Saudi-funded breakaway league that had lured away some of the game’s best players with hefty paychecks, a lighter schedule and less-competitive tournaments.
The stunning announcement came amid litigation between LIV and the PGA Tour, which both had filed lawsuits against the other. In August, LIV Golf filed an antitrust suit saying the tour — by banning players who had defected to LIV — was intentionally trying to curtail competition, but the PGA Tour countered with a lawsuit that claims LIV committed “tortious interference” by encouraging golfers to violate terms of their existing tour contracts.
The two sides have agreed to mutually “all pending litigation between the participating parties,” the PGA Tour said in a statement announcing the merger.
The organizations "will work cooperatively and in good faith to establish a fair and objective process for any players who desire to re-apply for membership with the PGA TOUR or the DP World Tour following the completion of
the 2023 season and for determining fair criteria and terms of re-admission,” the PGA Tour said.
The Tour said the Saudi Public Investment Fund, which backed LIV, will merge its golf businesses with the other tours to create a new, for-profit organization.
The stunning announcement came amid litigation between LIV and the PGA Tour, which both had filed lawsuits against the other. In August, LIV Golf filed an antitrust suit saying the tour — by banning players who had defected to LIV — was intentionally trying to curtail competition, but the PGA Tour countered with a lawsuit that claims LIV committed “tortious interference” by encouraging golfers to violate terms of their existing tour contracts.
The two sides have agreed to mutually “all pending litigation between the participating parties,” the PGA Tour said in a statement announcing the merger.
The organizations "will work cooperatively and in good faith to establish a fair and objective process for any players who desire to re-apply for membership with the PGA TOUR or the DP World Tour following the completion of
the 2023 season and for determining fair criteria and terms of re-admission,” the PGA Tour said.
The Tour said the Saudi Public Investment Fund, which backed LIV, will merge its golf businesses with the other tours to create a new, for-profit organization.