The move ends a bitter legal battle between the organizations that has split the golf world and its top players.
The organizations said on Tuesday they will work to allow a process for LIV Golf players to reapply for membership on the PGA Tour and DP World Tour.
The potential for top players to compete on other tour events will help boost ratings, experts said.
It is unclear how broadcasting rights for the TV networks that sell commercial time during golf events could change in the long term.
The CW network, which airs LIV Golf in the U.S., said there is no change to the event schedule in 2023, while NBC Sports, which airs some PGA Tour events, said it was still learning about the announcement.
Persons:
LIV, Paul Childs, Neal Pilson, I've, Michael Goldman, LIV Golf, Patrick Rishe, St . Louis, Pilson, Jamal Khashoggi, Goldman, Sheila Dang, Dawn Chmielewski, Lisa Richwine, Matthew Lewis
Organizations:
Centurion Club, LIV Golf, REUTERS, PGA, Pilson Communications, CBS Sports, National Golf Foundation, CBS, CW, LIV, NBC Sports, Nexstar Media Group, Comcast, University of San, Washington University, Brands, Public Investment Fund, Saudi, Washington Post, Thomson
Locations:
Hemel Hempstead, St Albans, Britain, Saudi, United States, U.S, University of San Francisco, St ., Saudi Arabia, Dallas, Los Angeles