The Turmoil Surrounding the PGA Tour-Liv Golf Merger

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Source: The New York Times
The Turmoil Surrounding the PGA Tour-Liv Golf Merger
Photo: The New York Times
TL;DR Summary

The proposed partnership between the PGA Tour and Saudi Arabia's sovereign wealth fund to bring the tour and LIV Golf under one umbrella could still collapse due to several obstacles. The PGA Tour board must sign off on the agreement, and the Justice Department could try to block the deal due to antitrust concerns. Congress has also asked the Committee on Foreign Investment in the United States to study the pact. If the deal is not done by Dec. 31, it could potentially collapse, allowing both sides to decide whether they want to "revert to operating their respective businesses."

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