The golf war is over. LIV Golf and the PGA Tour have struck a deal worth $1.3 billion to end the 17-month feud between golf’s big hitters.
It has been reported by The Sun UK, that a deal is in its final stages of being agreed between the PGA Tour and LIV Golf, funded by Saudi Arabia’s Public Investment Fund.
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Still awaiting final approval, it is rumoured that LIV Golf will gain an 11% stake in the PGA Tour and be able to play it’s LIV Golf events under the PGA Tour umbrella, after Tiger Woods and Rory McIlroy were influential in the deal getting done.
LIV Golf will also gain two places on the PGA Tour board — including the post of chairman.
It is still unknown if players can freely play on both the LIV Golf League and PGA Tour and if LIV events will now receive Official World Golf Ranking Points now they will be competing under the PGA Tour banner. PGA Tour players who remained loyal to the tour are expected to receive rewards through Saudi Arabia’s Public Investment Fund.
The DP World Tour looks to benefit from the $1.3 billion deal also, through it’s strategic alliance with the PGA Tour, presumably in increased prize finds.
The deal still has to be approved by the PGA players, but they are expected to agree.
Main Image: Sean M. Haffey
