Merger between PGA Tour, DP World Tour, PIF will benefit golf says Rory McIlroy
Posted : 07 June 2023
According to Rory McIlroy, the world number three in golf, the unexpected merger between the PGA Tour, DP World Tour, and Saudi Arabia's Public Investment Fund (PIF) will ultimately have a positive impact on the sport.
In the past, McIlroy had staunchly defended the PGA Tour as other golfers accepted lucrative offers to join the LIV Golf series, which is financially supported by PIF. However, during the Canadian Open, McIlroy expressed having "mixed emotions" regarding the surprising nature of the deal.
He added: "[In] 10 years this is going to be good for pro golf."
"It unifies it and secures its financial future. But there are mixed emotions in there as well.”
"It's hard for me to not feel somewhat like a sacrificial lamb, feeling like I've put myself out there and this is what happens.
"Removing myself from the situation, I see how this is better for the game of golf, there's no denying it."
Following the launch of the $2 billion (£1.6 billion) LIV circuit last year, a number of players opted to leave both the American PGA Tour and the European-based DP World Tour to join the new venture.
Rory McIlroy, who had been a vocal critic of the LIV circuit, openly expressed his sentiment on Wednesday, stating, "I have a strong dislike for LIV, and I sincerely hope it ceases to exist."
However, a recent agreement has been reached to merge the commercial operations and rights of the PGA Tour, DP World Tour, and LIV into a newly formed for-profit company.
The name of this company has yet to be announced, and it will be led by PGA commissioner Jay Monahan as the chief executive, with Yasir Al-Rumayyan, the governor of PIF, serving as the chairman.
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