By Frank Pingue

June 28 (Reuters) – The PGA Tour and DP World Tour on Tuesday introduced a 13-year three way partnership partnership to fight the continuing menace posed by the Saudi Arabia-backed LIV Golf Invitational Series that has already poached a handful of high-profile golfers.

As a part of the partnership, which runs by way of 2035 and was introduced because the opening information convention at LIV’s first U.S.-based occasion was starting in Portland, the PGA Tour will improve its stake in European Tour Productions to 40% from 15%.

Starting in 2023, the highest 10 players within the DP BBC World News Today Tour’s rankings, along with these already exempt, will receive PGA Tour playing cards for the next season.

The DP World Tour can even assure development in annual prize funds to its membership for the subsequent 5 years.

“The sport of golf is rallying,” PGA Tour Commissioner Jay Monahan stated throughout a video news convention with DP World Tour Chief Govt Officer Keith Pelley.”Our members, companions and followers are rallying.

“Immediately’s announcement ought to function additional proof that the ecosystem {of professional} golf continues to innovate and thrive.