The PGA Tour and DP World Tour have announced a new 13-year operational joint venture partnership which creates new player pathways and increased prize funds in the next phase of their fightback against LIV Golf.
In an announcement coinciding with the opening press conferences at LIV’s first United States event in Portland this week, the two circuits announced a strengthening of their alliance which was first launched in November 2020.
The aim is to counter LIV’s cash with a better competitive structure for players and from next year, the top 10 finishers on the season-ending DP World Tour rankings who are not already exempt will gain PGA Tour cards.
The PGA Tour will increase its ownership stake in European Tour Productions from 15 per cent to 40 per cent, with the cash from the deal used to increase prize funds – with guaranteed increases in DP World Tour purses for the next five years.
Both the PGA Tour and the DP World Tour have been desperate to stem the tide of players who have been lured by the riches offered by the Saudi Arabia-backed LIV series – which will this week see the likes of Bryson DeChambeau and Brooks Koepka make their debut, undeterred by indefinite PGA bans.
Announcing the deal, PGA Tour commissioner Jay Monahan said: “The game of golf is rallying – our members, partners, fans. Today’s announcement can serve as further evidence that the ecosystem of professional golf continues to innovate and thrive.
“We’re 100 per cent focused on creating the strongest competitive platform for the best players in the world.
“If the PGA Tour is going to compete on dollars alone against a foreign monarchy that is trying to buy the game, that’s a very difficult spot for us to be in.
“However, we’re going to compete by creating the best schedule, with players having the ability to pick and choose their schedule, that’s where our focus is going to be. This partnership is an example.”
Keith Pelley, chief executive of the DP World Tour, said the extension of the partnership first launched 19 months ago was always on the cards but admitted the threat posed by LIV had changed the dynamics.
“It’s pretty obvious to say the current situation in golf has significantly accelerated that process,” said Pelley, who has seen European Tour stars like Lee Westwood, Sergio Garcia and Ian Poulter join LIV. “I’m not going to sit here and pretend that is not the case.
“The existential threat in LIV escalated what we had already planned. But I couldn’t be more excited about it.”
Pelley also denied rumours he had attended the first LIV event at Centurion and said he had had no conversations with Golf Saudi since the summer of 2021, saying the decision to launch a rival series had left him “perplexed”.
“Unfortunately Golf Saudi has elected to play outside the ecosystem,” he said. “They play inside the ecosystem in Formula One, they play inside the ecosystem in Premier League football and they do in women’s golf – and I’m a board member of the LET [Ladies’ European Tour].
“I’ve been consistent that if in fact they are interested to play inside the ecosystem and not launch a rival tour that I think is detrimental to the game at large then I personally, from DP World’s perspective, would be open – and they know that – to having a conversation.
“But I’m not interested and that’s why there has been no conversation since the summer of 2021, because they are convinced and they seem compelled to play outside the ecosystem as opposed to inside.”
Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Australia
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South Korea
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UAE currency: the story behind the money in your pockets
Under 19 World Cup
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
UAE%20Warriors%2045%20Results
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Palestine and Israel - live updates
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
England squad
Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood
UAE currency: the story behind the money in your pockets
The%20Roundup%20%3A%20No%20Way%20Out
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Warlight,
Michael Ondaatje, Knopf
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO
Karnataka Tuskers 110-5 (10 ovs)
Tharanga 48, Shafiq 34, Rampaul 2-16
Delhi Bulls 91-8 (10 ovs)
Mathews 31, Rimmington 3-28
Karnataka Tuskers win by 19 runs