In a move that was predicted by 45th President Donald J. Trump almost a year ago, the PGA Tour and the Saudi-backed competitor LIV Golf have reportedly signed an agreement and are merging into a new for-profit corporation yet to be named.
According to CNBC, the PGA tour, LIV Golf, and a third entity, DP World Tour, are set to merge in a maneuver that will end all pending lawsuits between the PGA tour and LIV Golf by default.
PGA Tour Commissioner Jay Monahan told reporters, "After two years of disruption and distraction, this is a historic day for the game we all know and love. This transformational partnership recognizes the immeasurable strength of the PGA TOUR’s history, legacy, and pro-competitive model and combines with it the DP World Tour and LIV – including the team golf concept – to create an organization that will benefit golf’s players, commercial and charitable partners, and fans."
In a memo to PGA players obtained by CNBC Monahan wrote, “There is much work to do to get us from a framework agreement to a definitive agreement, but one thing is obvious: through this transformational agreement and with PIF’s collaborative investment, the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model not only remains intact, but is supercharged for the future."
An avid golfer for decades and a prominent business force within the golf industry with "19 world-class golf destinations across the globe", Trump publicly predicted the merger as "inevitable" in July 2022.
He wrote, "All of those golfers that remain “loyal” to the very disloyal PGA, in all of its different forms, will pay a big price when the inevitable MERGER with LIV comes, and you get nothing but a big “thank you” from PGA officials who are making Millions of Dollars a year. If you don’t take the money now, you will get nothing after the merger takes place, and only say how smart the original signees were. Good luck to all, and congratulations to really talented Cam Smith on his incredible WIN!"
The Daily Wire's Tim Meads tweeted Tuesday, "Unbelievable.@realDonaldTrump predicted the LIV-PGA merger last year."
In late May, Trump DC hosted the LIV Golf tournament where the president was on-hand to watch pro-golfers Dustin Johnson, Bryson DeChambeau, Cam Smith, Sergio Garcia compete.
PIF Governor Yasir Al-Rumayyan told CNBC's 'Squawk on the Street' that following the merger's conclusion "in a matter of weeks," a new board will evaluate new proposals. Al-Rumayyan is set to chair the board according to the outlet.
"Whatever it takes that’s ... what we’re committed for," Al-Rumayyan said.
Trump was celebratory on Truth Social Tuesday, writing, "Great news from LIV Golf. A big, beautiful, and glamorous deal for the wonderful world of golf. Congrats to all!!!"
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