Yasir Al-Rumayyan is governor of the Saudi PIF, which is also the majority owner of Premier League club Newcastle United, who Al-Rumayyan serves as chairman. Monahan, his counterpart on the PGA Tour, said that a "comprehensive evaluation" of how best to integrate team golf will take place. What will golf now look like? Yasir Al-Rumayyan (right) with Donald Trump at the latest LIV Golf event, which was played at the former US president's course in Virginia "This is a momentous day - to partner in this new entity is energising and exciting," said DP World Tour chief executive Keith Pelley. LIV Golf is backed by the Saudi Arabia Public Investment Fund (PIF), an entity controlled by the Saudi crown prince and which has been embroiled in anti-trust lawsuits with the PGA Tour over the last year. The emergence of the LIV circuit fractured men's professional golf over the last year, with several top players lured by its huge prize funds and no-cut events, which include a team format. The agreement includes the DP World Tour, formerly known as the European Tour. Making the announcement on Tuesday Jay Monahan, commissioner of the PGA Tour, golf's leading circuit, said: "This is a historic day for the game."Īn agreement has been signed that will combine the PGA Tour and LIV's commercial operations and rights into a new, yet to be named for-profit company. 9/11 group 'offended' by PGA Tour's 'hypocrisy'.The Sports Desk podcast: Has Saudi Arabia just bought golf?.They viewed the breakaway tour as an existential threat and entered into bitter and expensive legal action." "The PGA and DP World Tours were sworn enemies of the LIV circuit, which had poached some of their best players. "This is a stunning development," said BBC golf correspondent Iain Carter. It means pending litigation between the tours will be halted and they will move forward as part of the same enterprise.
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