Saudi-backed LIV Golf and the PGA Tour filed a motion late Friday to dismiss their antitrust lawsuit and countersuits, ending more than 10 months and enormous legal fees in a dispute that turned into a business agreement.
It was a big part of the stunning June 6 agreement in which Saudi Arabia’s national wealth fund, the PGA Tour and the European tour became partners in a new for-profit company for commercial businesses.
The PIF and Al-Rumayyan were trying to claim an exemption from the Foreign Service Immunity Act. A federal magistrate had ruled they were not exempt because of the PIF’s involvement in the commercial enterprise of LIV Golf. The lawsuit claimed the PGA Tour has used monopoly power to try to squash competition. The PGA Tour won an early court decision when a federal judge denied a temporary restraining order that would have let three LIV Golf players to compete in the tour’s postseason.The PGA Tour filed a countersuit in September accusing LIV of “tortious interference” by inducing top players to breach contracts by claiming the tour could not enforce its rules.
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