"PGA Tour's Agreement with Saudis Leaves LIV Golf's Future Uncertain"

The PGA Tour, Saudi Arabia's Public Investment Fund, and DP World Tour have signed a "framework agreement" that merges the three entities and creates a board to determine the future of LIV Golf. The new venture, referred to as NewCo, will be controlled by a Tour majority, with PGA Tour Commissioner Jay Monahan serving as CEO and Public Investment Fund governor Yasir Al-Rumayyan as chairman. The Public Investment Fund will also be a premier corporate sponsor, with its name as a title sponsor for at least one high-profile event.