The PGA Tour, DP World Tour and LIV Golf have stunned the sporting world by announcing they are merging to form "a new collectively owned" entity.
The shock announcement comes after over a year of unprecedented disruption in the men's professional game following the launch of the Saudi-backed LIV Golf circuit.
The new entity has not been named yet but the deal signals a new era of cooperation "to unify the game of golf, on a global basis".
It has also been announced:
- LIV golfers who were suspended indefinitely by the PGA and DP World Tour will be able to re-apply for membership from the end of the 2023 season
- All lawsuits between the PGA Tour, DP World Tour and LIV golf will be ended
- Saudi Arabia's Public Investment Fund, which funded LIV Golf's emergence, will make a capital investment into the combined entity as part of the agreement "to facilitate its growth and success".
- A "comprehensive evaluation of LIV Golf to determine how best to integrate team golf into the professional game" will take place.
- LIV Golf's 2023 schedule will continue as planned
