Tuesday’s bombshell information that the PGA Tour, DP World Tour and LIV Golf would merge so as to “unify the game of golf, on a global basis” took virtually all people abruptly.
The settlement ends “two years of disruption and distraction” between the PGA and the Saudi-backed invitational whereas making a “transformational partnership” between the three entities.
While many are sad with the settlement, one ESPN analyst is a giant fan of the transfer.
PGA TOUR ANNOUNCES LANDMARK MERGER WITH SAUDI-BACKED LIV GOLF
“I love it. I love it,” Stephen A. Smith mentioned Tuesday. “And I want to take a moment to do something that I’d ever thought I do on national television and that’s give PGA Commissioner Jay Monahan some love and some credit here.
“This is sensible enterprise on his half. Make no mistake about it.”
Despite LIV Golf receiving a ton of backlash following their inception, Smith said he never had a problem with where LIV received its funding as the “United States of America does enterprise with Saudi Arabia.”
“So, if our authorities can do enterprise with them, and folk aren’t making a lot noise about that, why are you making noise about golfers? I by no means needed to listen to that. I by no means took that situation significantly,” Smith mentioned.
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“This is America. We’re in a capitalistic society. We do enterprise globally not simply nationally. That’s the way in which of the world. So for me, to see the PGA commissioner, Jay Monahan, actually come to his senses and go concerning the enterprise of creating certain to omit and eradicate these lawsuits … I feel it was a good looking, lovely factor. I completely cherished it.”
The news of the merger broke shortly after 10 a.m. ET on Tuesday, with Monahan releasing a statement regarding the partnership.
“This transformational partnership acknowledges the immeasurable energy of the PGA TOUR’s historical past, legacy and pro-competitive mannequin and combines with it the DP World Tour and LIV – together with the staff golf idea – to create a corporation that can profit golf’s gamers, industrial and charitable companions and followers,” Monahan mentioned in a press launch.
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He continued, “Going ahead, followers will be assured that we are going to, collectively, ship on the promise we’ve at all times made – to advertise competitors of one of the best in skilled golf and that we’re dedicated to securing and driving the sport’s future.”
The new agreement will merge the Saudi Public Investment Fund’s (PIF) golf-related businesses, which include LIV Golf, with that of the PGA Tour and the DP World Tour into a “new, collectively owned, for-profit entity to make sure that all stakeholders profit from a mannequin that delivers most pleasure and competitors among the many sport’s greatest gamers.”
Fox News’ Paulina Dedaj contributed to this report.