The Justice Department reportedly opened an antitrust investigation into PGA Tour’s surprise merger with Saudi-backed LIV Golf.
into the PGA’s alleged anti-competitive response to that poaching.) In the new deal, the PGA would receive an unknown but assuredly exorbitant amount of money.
In exchange, LIV, which is operated by the Saudi sovereign wealth fund, would get the PGA to cease hostilities against it — for instance, to stop issuingWith the DOJ investigation underway, a senior PGA Tour executive told thethat the status of the merger may not be clear for at least a year, with regulatory review adding additional months to the timeline.
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