The PGA Tour and LIV merger will increase Saudi Arabia's influence on golf. PGA Tour officials and Saudi leaders said the rivals had agreed to create a “new, collectively owned, for-profit
entity,” per
The New York Times. "In a joint statement on Tuesday, the wealth fund and the PGA Tour said the former rivals would 'implement a plan to grow these combined
commercial businesses, drive greater fan engagement and accelerate growth initiatives already underway.'"
Read the whole story at The New York Times »
