STORY: Additionally, the organizations said in a joint news release they will work together to allow a process for LIV Golf players to reapply for membership on the PGA Tour and DP World Tour, formerly known as the European Tour, following the 2023 season.

The bombshell announcement was slammed by many PGA Tour players who were left in the dark about the merger and comes after a very public war of words between all sides, mounting tensions and a bitter legal battle.

PGA Tour Commissioner Jay Monahan, who had long been a vocal critic of LIV Golf, told reporters the PGA and LIV were better off together rather than fighting.

No details were given as to how the agreement will impact the current competitive golf landscape, including eligibility for this year's Ryder Cup, though the parties did say they will work in the coming months to finalise terms of the merger.

The LIV Golf series is bankrolled by the Saudi Arabia Public Investment Fund and critics have accused it of being a vehicle for the country to attempt to improve its reputation in the face of criticism of its human rights record.