"Going forward, fans can be confident that we will, collectively, deliver on the promise we've always made - to promote competition of the best in professional golf and that we are committed to securing and driving the game's future.

"We are happy to maneuver ahead, in keeping with LIV and PIF's world-class investing expertise, and I applaud PIF Governor Yasir Al-Rumayyan for his imaginative and prescient and collaborative and forward-thinking strategy that's not only a resolution to the rift in our sport, but additionally a dedication to taking it to new heights. This will engender a brand new period in international golf, for the higher."

The merger will even probably have a knock-on impact for this 12 months's Ryder Cup, with LIV golfers having their tour playing cards taken away from them beforehand. Players will now be capable of re-apply for membership with the PGA Tour or the DP World Tour after the 2023 season.