According to the Wall Street Journal, the Department of Justice (DOJ) has told the PGA Tour of its plan to conduct a review of the proposed merger with the Public Investment Fund (PIF) of Saudi Arabia, which bankrolls LIV Golf.
A "framework agreement" to combine the commercial assets of the PGA Tour, DP World Tour and the PIF into a new, for-profit entity was announced last week. Few were involved in brokering the deal the PGA Tour said would "unify the game of golf" following the launch of LIV Golf that created division in the male ranks and led to a war of words that spilled into the courtrooms.
