PGA Tour agrees to merge with Saudi-backed LIV Golf
The agreement also includes a merger with the DP World Tour, also known as the PGA European Tour.
The PGA Tour announced Tuesday that it would merge with LIV Golf, a league that is backed by the Saudi Arabia Public Investment Fund, which is controlled by Saudi Crown Prince Mohammed bin Salman.
The merger also includes DP World Tour, also known as the PGA European Tour.
The LIV Tour has been involved in an antitrust lawsuit against the PGA Tour, but the parties ended all pending litigation with the announcement Tuesday.
The lawsuit was originally filed by 11 LIV Golf players to challenge their PGA Tour suspensions for playing in the Saudi-backed league.
"Today is a very exciting day for this special game and the people it touches around the world," Public Investment Fund official Yasir Al-Rumayyan said. "We are committed to unifying, promoting and growing the game of golf around the world and offering the highest-quality product to the many millions of long-time fans globally, while cultivating new fans."
PGA players were reportedly in the dark about the merger until it was announced to the public, according to Barstool Sports.