PGA and LIV Golf Close to $1.97 Billion Deal

The longstanding conflict between the PGA Tour and LIV Golf appears to be nearing resolution with a potential peace deal valued at approximately £1 billion ($1.97 billion). This agreement involves the Public Investment Fund (PIF) of Saudi Arabia investing in the PGA Tour, securing an 11% stake and two board positions, including the chairman's role. Influential golfers Tiger Woods and Rory McIlroy have been pivotal in facilitating these negotiations. Approval from PGA players is still required, but it is anticipated to pass, ending the ban on players who participated in LIV events. The deal will integrate LIV's tournaments under the PGA Tour umbrella, potentially increasing prize money for loyal PGA players and solidifying the PGA Tour's strategic alliance with the DP World Tour. This resolution marks the conclusion of the aggressive recruitment strategies employed by LIV Golf since its inception in 2022.