SLIDES: Framework Agreement Between PGA Tour, Saudi PIF, DP World Tour
The framework agreement between the PGA Tour, DP World Tour and the Saudi Public Investment Fund has been revealed.
Some details of the agreement include that the future of the LIV Golf will be determined by the new company that is forming and the PGA Tour has majority interest.
The Saudi Public Investment Fund will become a “Premier” corporate sponsor of the PGA Tour and DP World Tour.
The PIF will also have right of first refusal on sponsorship opportunities.
These details come out as the U.S. Senate is investigating the deal and there is a hearing looming with a Senate Sub-Committee.
Read the Agreement Below:
