The PGA Tour and the Public Investment Fund could be set to launch a “unified global tour.”
The Daily Mail has reported a proposed 18-event tour penned for 2025 will involve tournaments on the PGA Tour, the DP World Tour and the LIV Golf League.
These tours will still run independently in 2024 but it’s reported the biggest names will be invited to play in this “elite series” of events the following year.
The new schedule could be finalised at the end of this year with an alleged figure of $2 billion invested by the PIF, a group still in search of an agreement with the PGA Tour.
The report also says 12 of the 18 events could land in America, while the remaining six would be held in Europe and on the LIV tour.
World rankings and wildcard entrants would decide invitations if this schedule were to take shape. At this year’s Tour Championship, PGA Tour chief executive Jay Monahan said he was confident an agreement with the PIF would be reached.
Players will be allowed to move freely between all three tours if this agreement comes to fruition, while still playing in the majors.
The prize money for each event would be around $20 million according to the report, equal to the average purse of an elevated event in the 2023 PGA Tour season.
The report says the PGA Tour would run all three tours under an ‘umbrella organisation’. Part of the framework agreement between the two entities names the PGA Tour as “competition manager for all of the tour’s golf-related commercial businesses and investments into NewCo.”
The golf world was stunned when a deal between golf’s opposing forces was announced on June 6, the same day Monahan and PIF governor Yasir Al-Rumayyan appeared in a television interview together.
Two representatives from the PGA Tour have since appeared before the US Senate to discuss various features of the framework agreement.
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It is still unclear when a full agreement will be reached as talks between parties continue.
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