ATSWINS

LIV Golf and PGA Tour expected to 'reunite' in huge boost for merger hopes

Updated Nov. 26, 2024, 9:37 a.m. by Harry Brent 1 min read
MLB News

Optimism around a successful merger between the PGA Tour and LIV Golf is growing following Steve Cohen's call to "reunite" amid the ongoing civil war in the sport.

The New York Mets owner, whose investment company, Cohen Private Ventures, injected capital into PGA Tour Enterprises early this year, said he believes that the two tours can find a way to bring the world's best golfers together again under the same roof.

"Its a lot of moving parts and I think well get there," Cohen, 68, told reporters.

"The goal is to reunite all the players - it's fragmented right now," he added, before admitting: "Getting [players from both tours] to play in one tournament, one venue, whatever it is, is exciting." The billionaire hedge-fund manager was speaking at a media event for New York Golf Club, a team competing in the indoor golf league (TGL) that's launching in January.

Ian Poulter makes LIV Golf transfer pledge as clear decision reached on future Patrick Reed breaks Tour record as LIV Golf star shoots historic round of 59 Golf has been split ever since the launch of Saudi Arabia's Public Investment Fund (PIF)-backed LIV Golf in 2021.

In the years since, the breakaway tour have lured many of the world's top players away from the PGA via mega-lucrative contracts, causing a huge rift in the game.

In June 2023, the two groups shocked fans and golfers alike after jointly announcing plans for a merger, though talks haven't gone smoothly.

There is, however, still belief that things are moving in the right direction and that the hostilities between the two groups are thawing, particularly after PGA Tour Commissioner Jay Monahan and PIF's Yasir Al-Rymayyan played a round of golf together last month.

There is also an exhibition golf match taking place in December between PGA Tour stars Rory McIlroy and Scottie Scheffler and LIV Golf stars Brooks Koepka and Bryson DeChambeau.

Earlier this month, it was reported that the PIF were poised to invest $1.3billion (1bn) in the PGA, potentially signalling the end of the rift, but these reports are yet to be confirmed.

New York Golf Club are one of six teams competing in the TGL next year.

Cohen owns the team, which features Xander Schauffele, Rickie Fowler, Cameron Young and Matt Fitzpatrick, but other investors include Eli Manning, Derek Jeter, Jimmy Fallon and CC Sabathia.

The TGL is a team golf league founded by Tiger Woods , McIlroy and former Golf Channel president Mike McCarley under their media venture TMRW Sports.

Theyve partnered with the PGA Tour and the league will feature six teams that play inside the SoFi Center in Palm Beach Gardens, Florida.

Cohen, who bought the Mets in 2020, is an avid philanthropist and entrepreneur, and the Chairman and CEO of Point72, a global multi-strategy asset management company.

He also serves as Chairman and CEO of the Mets.

According to Bloomberg, Cohen has a net worth of $14.8bn (11.8bn)..

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