![PGA Tour Commissioner Jay Monahan talks about the decision to cancel the last three days of The Players Championship because of the coronavirus during a press conference Friday, March 13, 2020 in Ponte Vedra Beach, Florida. [Will Dickey/Florida Times-Union]
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The PGA Tour and DP World Tour on Tuesday announced a new 13-year partnership that will see the American side increase its investment and guarantee a boost to prize purses on the European circuit.
The enhanced alliance between the tours is a direct response to the threat of the upstart LIV Golf Series.
The PGA Tour will increase its stake in the European tour from 15 percent to 40 percent. The DP World Tour guarantees increased purses over the next five years, over and above those announced last November.
Also, the top 10 players in the world tour will earn PGA Tour cards for the following season, if they’re not exempt already.
“It was clear from the outset that our strategic partnership with the European Tour Group was a powerful agreement for both sides, and we are thrilled with today’s announcement of this expanded partnership,” PGA Tour commissioner Jay Monahan said in the release.
–Field Level Media