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  • GOLF Golfer
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    With this merger, a new entity will be formed, and the name to be determined. PIF will be the initial investor in this new entity and will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA TOUR, LIV Golf and DP World Tour. The PGA TOUR will appoint a majority of the Board and hold a majority voting interest in the combined entity. PGA TOUR Commissioner Jay Monahan had this to say, “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.” There are still a lot of details to be worked out or revealed but this is promising news for the cohesion of professional golf.

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