Newcastle United chairman Yasir Al-Rumayyan will hold the position of chair in the new PGA Tour-LIV Golf commercial entity. The bombshell news emerged on Tuesday as the two feuding organisations agreed to merge in a monumental ruling that will change golf forever.
The pair had been engaged in a bitter legal feud since August last year after 11 pro-golfers, who were suspended from PGA events after playing in Saudi-backed LIV tournaments, sued the PGA for allegedly using its power to 'stifle competition and punish defectors.' Saudi Arabia's Public Investment Fund (PIF) funds LIV Golf.
However, the litigation will be dropped after the two rival golf commissions agreed to become one. "This is a historic day for the game we all know and love," said PGA Tour commissioner Jay Monahan.
