
MIAMI - The PGA Tour and DP World Tour announced on Tuesday that they have merged their commercial operations with the Saudi-backed LIV Golf and ended all litigation, bringing to a close the sport's bitter two-year rift.
In a bombshell agreement that caught the golf world by surprise, the US-based PGA Tour said they had signed an agreement that combines its activities with the Saudi financiers' golf-related businesses and those of the DP World Tour to form "a new collectively owned, for-profit entity".