The PGA Tour and European tour have agreed to work with Saudi backers of LIV Golf to decide how defectors to the rival league can return and what kind of punishment they should face.
The PGA Tour and European tour have agreed to work with Saudi backers of LIV Golf to decide how defectors to the rival league can return and what kind of punishment they should face, according to a framework agreement obtained by The Associated Press.
The PGA Tour has said it would participate, though it was not clear if Commissioner Jay Monahan would attend. The PGA Tour suspended players once they competed in a LIV event because they did not have releases required under the tour’s policy.LIV Golf appears poised for 2024 return after relegation announcement
It did not mention how much the PIF planned to invest in the new entity. The PGA Tour and DP World Tour — the commercial name of the European tour — are contributing all their commercial businesses and rights.NewCo is to conduct an “objective empirical data-driven evaluation of LIV and its prospects and potential” and assess the benefits of team golf and then decide “how best to integrate team golf into PGA Tour and DP World Tour events going forward,” the agreement says.
It later mentions the new entity’s plan to create financial returns, “including through targeted mergers and acquisitions to globalize the sport.”The PGA Tour and European tour already have an alliance, and other tours such as Japan and South Africa have similar agreements.The agreement also says the tours and the PIF would work together to try to get the Official World Golf Ranking to recognize LIV Golf, though that would be subject to OWGR criteria and the application that LIV filed last July.
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