DP World Tour and PGA Tour sign 13-year partnership to counter LIV Golf

The logos of the European and American circuits DP World Tour

Threatened by Saudi petrodollars, Europeans and Americans have sealed a contract that extends until 2035 to protect their common interests.

The PGA Tour and DP World Tour announced a 13-year joint venture partnership on Tuesday in the face of the ongoing threat posed by the Saudi-backed LIV Golf Invitational series, which has already poached a handful of top golfers.

Participation

Under the new partnership, which extends to 2035, the PGA Tour will increase its existing stake in European Tour Productions from 15% to 40%. Additionally, beginning in 2023, the top 10 players on the DP World Tour leaderboard will be voided from PGA Tour cards for the following season. The DP World Tour will also guarantee annual prize growth to its members for the next five years.

“The game of golf is rallying”, PGA Tour Commissioner Jay Monahan said during a video news conference with DP World Tour General Manager Keith Pelley. “Today’s announcement should serve as further proof that the professional golf ecosystem continues to innovate and thrive.»

Pact

While no additional co-sanctioned events have been announced as part of the pact, which builds on the success of the existing strategic alliance between the two Towers which was unveiled in November 2020, the circuits said that ”They would continue to develop a global calendar. “It is a natural extension and progression of what we have done over the past few years and I believe passionately that this decision is the right thing for our players, our Tour, our fans and the game of golf in general,” Pelley said.

The announcement by the US and European Tours came just as the opening press conference for LIV Golf’s first US event began at Pumpkin Ridge Golf Club in Portland, Oregon. Among those who joined LIV Golf named Phil Mickelson, Dustin Johnson, Bryson DeChambeau, Brooks Koepka and Sergio Garcia… LIV Golf is funded by Saudi Arabia’s Public Investment Fund and has defined several recognized names with a scholarship of $255 million spread across eight events this year.

The 48-man field in Portland this week includes nine of the last 21 major winners, four former world number one players and nearly half of the competitors are currently ranked in the top 100.

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