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PGA Tour, LIV Golf agree to merge in historic end to golf hostilities

In a stunning twist to the saga that has consumed golf for the last year, the PGA Tour, the DP World Tour and LIV Golf, the upstart breakaway tour funded by Saudi Arabia's Public Investment Fund, have agreed to merge and create a new entity to unify the tours.

The details are still sparse and incomplete, but the fact that the PGA Tour and LIV Golf have agreed to create a new entity after more than a year of acrimony and litigation is significant in itself. The deal was negotiated in such a secretive fashion that not even the Tour's players knew.