PGA-LIV Filing Shows Undecided Nature of Historic Merger (2)

A filing describing the merger of the PGA Tour with Saudi-backed LIV Golf shows the deal’s broad outlines, but also how much of the biggest union in golf history still needs to be worked out.

The five-page provisional agreement, filed to US lawmakers and reviewed by Bloomberg News, was provided ahead of a July 11 hearing by a Senate panel investigating the merger. It discloses new details about the understanding between the two golf circuits, its leadership structure, and a potential path for LIV golfers who can’t play at any PGA Tour tournaments to return to the US Tour ...