A year after PGA Tour Commissioner Jay Monahan called LIV Golf an “irrational threat” to the sport, the PGA Tour and LIV will be merging into a new for-profit entity. The merger comes after more than a year of tension between the Tour and the upstart backed by the Saudi Arabian sovereign wealth fund. The PGA Tour will appoint a majority of the board in the combined entity and hold a majority voting interest. The agreement brings together the commercial and business rights of the PGA Tour,…
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