PGA TOUR, DP World Tour, and PIF unite to create new global golf entity.

Agreement combines PIF's golf businesses with PGA TOUR and DP World Tour

New entity focuses on maximizing excitement and competition among top players

PIF invests capital to drive fan engagement and accelerate growth initiatives.

Partnership resolves pending litigation, fostering a cooperative environment

Board of Directors oversees commercial operations, ensures cohesive event schedule.

PGA TOUR Inc. remains tax-exempt with Monahan as Commissioner.

New entity's Board includes Al-Rumayyan, Monahan, and Pelley, expanding global golf reach.