PGA Tour, DP World Tour and PIF agree bombshell commercial merger

Patrick Reed (R) and Yasir al-Rumayyan, head of the PIF sovereign wealth fund at Trump National Golf Club Bedminster (Photo by Cliff Hawkins/Getty Images)
Patrick Reed (R) and Yasir al-Rumayyan, head of the PIF sovereign wealth fund at Trump National Golf Club Bedminster (Photo by Cliff Hawkins/Getty Images)

The PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) are to merge commercial operations under common ownership in a shock tripartite agreement that ends all pending litigation related to the breakaway LIV Golf tour.

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