On Tuesday, June 6th, quite shocking news came for golf lovers – the PGA Tour, LIV Golf and DP World Tour are combining their commercial interests to create a single project that will determine the strongest golfers in the world.
This news was unexpected in light of the fact that the PGA Tour and LIV Golf competed for the best golfers and even sued, but in the end everything came to the fact that all three reputable international organizations in the golf world are now united under one denominator.
What you need to know about the PGA Tour and LIV Golf merger
The deal to merge the organizations will put an end to the proceedings between them
All three organizations will cooperate to establish an objective and fair process for determining the strongest in professional golf.
All players excluded from the PGA Tour and DP World Tour will be able to reapply after the end of the 2023 season.
The Saudi Arabia State Investment Fund (PIF) will invest in the new project
The board of directors of the new organization will include PIF Governor Yasser Al Rumayan as Chairman and PGA Tour Commissioner Jay Monahan as Executive Director.
Bets will be accepted for the new tournament soon. You can bet on golf in India and Bangladesh at Mostbet BD bookmaker – there is a welcome bonus for new customers, as well as a large selection of options for betting on golf and cricket.
Why is the merger happening?
The reality is that this question is difficult to answer. The parties that were suing suddenly came to a common denominator and decided to join forces in order to create the perfect professional golf tournament that would accept all the best players.
Until recently, the PGA Tour took drastic steps to keep its top players safe from the LIV Golf money, but eventually succumbed under pressure from Saudi Arabian money. And Jay monkan made a decision quickly, without notifying the players of his intentions – unilaterally.
Who is the winner in this situation
By far the winner is the LIV Golf. The tournament, which was called the “league of former champions,” takes control of all professional golf and will dictate its terms. Now LIV Golf has legitimacy, recognition from the top of professional golf, which will be completely dependent on money from Saudi Arabia.
In addition, this victory of Yasser Al-Rumayyan becomes another step by the leadership of Saudi Arabia towards the exit from the international blockade. Golf is an elite sport and the fact that Saudi Arabia now has the greatest authority in it speaks of the country’s increasing weight on the world map.
Combining all the versions in professional golf also benefits the spectators, who can finally see all the top players on one golf course. The best players were divided into leagues, which was completely unnecessary for golf fans. Considering that LIV Golf had a very low rating, many champions who moved there have practically disappeared from the field of view of the fans of the game. Now they will triumphantly return and try to give a fight to the youth, which only stirs up interest in the next season.
What’s next?
Obviously, the current season will end in the format in which it began. Television contracts have already been signed, the schedule has been drawn up, and the new tournament needs time to prepare.
The new tournament will be of interest to TV people and soon there will be a fight for the rights to broadcast it. There may be some inconsistencies with the contracts that the PGA Tour signed for two seasons, but with Saudi Arabia money, they can really be sorted out.
Asked about television rights during an interview with CNBC, Monahan said, “I think all of this will be discussed in the near future. The main thing that we have determined is that the PGA Tour, LIV the DP World Tour will move forward together and plan further actions together. This will create opportunities for the entire media landscape and we will have great media partners. I know that today they will be delighted with this announcement. And we’re going to create the perfect picture for them.”
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