The PGA agrees to team up with its golfing arch-enemy
Saudi Arabia buys membership of golf’s most exclusive club
Many a business deal is sealed on the golf course. So it was on June 6th, when America’s PGA Tour and Europe’s DP World Tour, the biggest organising bodies in men’s golf, said they had agreed to merge with LIV Golf, a Saudi Arabian upstart. The merger, which will reportedly see LIV’s backers invest around $3bn in the combined entity, ends a costly split in the game and gives the Saudis membership of one of the most august clubs in sport.
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This article appeared in the Business section of the print edition under the headline “Whole in one”
Business June 10th 2023
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From the June 10th 2023 edition
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