politics
PGA Tour Commits to Backing DP World Tour Through 2032
PGA Tour chief executive Brian Rolapp pledged the DP World Tour's future at an event attended by Rory McIlroy. The commitment comes as Saudi Arabia withdraws funding from LIV Golf, raising questions about the sport's landscape. The strategic alliance, formed in 2021, has already seen significant PGA Tour investment in the European circuit.
May 12, 5:32 AM·2m read1 source
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The PGA Tour announced it will give its backing to the DP World Tour. PGA Tour chief executive Brian Rolapp verbally committed that the DP World Tour competition will remain in place through to 2032. Rolapp delivered his comments at Quail Hollow last week.
Rory McIlroy was present in the audience when Brian Rolapp made the pledge at Quail Hollow. The Northern Irishman has long championed the European circuit. He previously indicated he might reduce his American schedule, and his satisfaction appears to be a priority for the PGA Tour leadership.
The assurances come as Saudi Arabia decided to withdraw funding from LIV Golf. Ian Poulter warned that the DP World Tour could face collapse if LIV Golf folds following the Saudis' exit. His concerns are shared by many who fear what professional golf may look like after LIV.
The threat posed by a well-funded global competitor was understood to be the primary motivation behind the PGA Tour's decision to forge its partnership with the European circuit. The strategic alliance between PGA Tour and DP World Tour was established in 2021. It has already cost the American tour hundreds of millions of dollars.
Initially, the PGA Tour invested $85 million to acquire a 15 per cent stake in European Tour Productions. 8 million.
2 million. The resulting shortfall from the PGA Tour's prize money guarantee has climbed into tens of millions annually. The partnership terms between PGA Tour and DP World Tour are currently being renegotiated and will likely shift to benefit the US side more heavily.
