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PGA Tour sends 6-page framework agreement on deal with LIV Golf to Congress

Jun 27, 2023

The golf world received a first look at the initial framework agreement for the new partnership between the PGA Tour, the DP World Tour and Saudi Arabia’s Public Investment Fund on Monday night.

That framework agreement just didn’t reveal much. There are still plenty more questions than answers.

The Athletic’s Brendan Quinn and No Laying Up reported the six-page document on Monday, the same day that the Tour sent the document to the U.S. Senate Permanent Subcommittee on Investigations. That committee, led by Sen. Richard Blumenthal, is investigating the partnership.

The deal was signed by Tour commissioner Jay Monahan, DP World Tour CEO Keith Pelley and PIF Governor Yasir al-Rumayyan on May 30, a week before Monahan announced the deal on CNBC. The agreement was reached after six weeks of negotiations.

Source: Yahoo Sports

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