"PIF [Saudi Arabia Public Investment Fund] is prepared to invest billions of new capital into the new entity, CNBC’S David Faber reported on Tuesday. Terms of the deal weren’t disclosed."
And who stands to benefit? 
PGA caves?
America is for sale, but only at the right price.
All the protests were about just getting to number.
Is Saudi Money any better than ChiCom money?
This is a pretty big deal considering how at war they have been over the last couple of years.
They must have looked at the numbers and what the Saudi backed group would bring to the game in terms of money and figured it would be better to merge and drop all the animosity.
Haha, Trump truthed this about 6 months ago telling the players not to be dumb and get the money now. Looks like he was right on the negotiations. I wonder if the PGA will still use Trump properties.
"PIF [Saudi Arabia Public Investment Fund] is prepared to invest billions of new capital into the new entity, CNBC’S David Faber reported on Tuesday. Terms of the deal weren’t disclosed."
And who stands to benefit?
Smart move, delaying this would have hurt Golf.
“The agreement includes DP World Tour, also known as the European PGA Tour.”
$$$$$$$$$$$$$$$$$$$
Not exactly small potatoes either.
You know, it doesn’t look like any sports are good choices anymore. Basketball, football, golf, even NASCAR now...all either full of thugs, gone woke, or taken over by foreigners.
What?
Sounds like the PGA took a buyout? Or a dive?
Trump, Mickelson—Early LIV Backers—Cheer Shocking Merger With PGA Tour:
https://www.forbes.com/sites/dereksaul/2023/06/06/trump-mickelson-early-liv-backers-cheer-shocking-merger-with-pga-tour/?sh=6ec70451299b
If you can’t beat them join them
Praise the Lord.
LOL
LIV player Brooks Koepka winning the US Open really drove a nail in the coffin of the PGA Tour trying to go it alone. LIV has more money, PGA Tour has better marketing and TV deals - merging was the way to go.
Will trannies be allowed to play in Saudi Arabia?/s
So, all this holier-than-thou talk from the PGA tour was just bullshit.
And all the demonizing of PGA stars going to LIV by the PGA and fans was just B.S?
Well now is time for fans to put up or shut up. As for the PGA, they’ve already caved.
What was the old line, contributed to Churchill? “We know what you are now we are just haggling over price”
“The deal would end all pending litigation.”
Appears they figured out the money they were paying lawyers was going into a bottomless pit. Why not make money instead of spending money.
I think this year’s majors put the handwriting on the wall for the PGA. They were betting they would stay better than LIV, that their players would be in better shape, and would out run LIV. With LIV getting multiple top 5s in each, and a win in 1 it showed that maybe not flogging your players can be good. Plus of course the PGA doesn’t run most of the majors. There were probably some behind the scenes discussions about shutting LIV players out, and the organizers of the majors said “nope”. Which all could put the PGA on a path to becoming the “small” league. We’ve seen the upstart league cycle in many sports, they generally come in addressing issues with the sport, often player pay, and the end game is either merge (NFL-AFL) or get replaced (British darts is a good example). I’ll give the PGA and DP credit for seeing how things were lining up and taking the merge path rather quickly.