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PGA TOUR INITIATIVE

A LANDMARK ALLIANCE an alliance between the european Tour and the pga Tour heralds a significant new era for global golf. The historic move brings golf’s two leading global Tours together in partnership

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significant new era for global golf was heralded in December with the announcement by the European Tour and PGA TOUR of a “Strategic Alliance.” The landmark agreement will see golf’s two major Tours explore all facets of collaboration, working together on strategic commercial opportunities, including collaborating on global media rights in certain territories. This will develop through part of the agreement which sees the PGA TOUR acquire a minority investment stake in European Tour Productions (ETP), the European Tour’s Media Production company, which produces and distributes content internationally.

images: geTTY images; european Tour

Broad Benefits The Tours will also work in partnership with ETP on a number of other areas including global scheduling, prize funds and playing opportunities for the respective memberships, with further details of these areas to be announced in due course. Keith Pelley, Chief Executive of the European Tour, said: “This partnership is an historic moment for the game of golf and is a fantastic opportunity for both the European Tour and the PGA TOUR to explore ways to come together at the very pinnacle w w w.P GAT OUR.cOm

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Jay Monahan, PGA TOUR Commissioner (top left). Keith Pelley, Chief Executive of the European Tour (top right).

of our sport and work in unison for the benefit of the men’s professional game. “Today’s announcement is the formalization of a closer working relationship between the Tours in recent years. It was one which was crystallized earlier this year when both Jay and I were part of the working group containing representatives of the four Majors and the LPGA, a group which helped shape the remainder of the golfing calendar for 2020 during unprecedented times. “We shared the challenges of working through a year neither of us could have ever imagined and we found definite synergies in many areas of our respective Tours. That gave us the impetus to move forward together and arrive at this momentous announcement … .” Jay Monahan, Commissioner of the PGA TOUR, said, “We are thrilled to announce this further strengthening of our partnership with the European Tour, and we look forward to working together for the benefit of the men’s professional game and for golf fans around the world.” The golf world has reacted positively to the announcement, with the partnership being strengthened by an alliance that will bring new development opportunities to both the PGA TOUR and the European Tour.  DECEMBER 2020 – MAY 2021 PGA TOUR ESSENTIAL GUIDE

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04/01/2021 16:17

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