PGA, Euro take step toward unified sched

(AP Photo/Lee Jin-man)

The PGA Tour has acquired a minority stake in the European Tour's media production company as part of an alliance announced Friday, a big first step toward developing a more unified golf schedule around the world.

The deal effectively makes the two leading tours more partners than rivals. The tours said in a statement the alliance would allow them to collaborate on commercial opportunities and global media rights in certain territories.

"The PGA Tour moves from a competitor to a partner," Keith Pelley, chief executive for the European Tour, said on a conference call.

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Money Leaders: PGA Tour
Rank Player Earnings
1 Dustin Johnson $3,117,040
2 Bryson DeChambeau $2,502,850
3 Jason Kokrak $2,008,789
4 Matthew Wolff $2,007,135
5 Patrick Cantlay $1,888,835
6 Xander Schauffele $1,830,101
7 Justin Thomas $1,748,556
8 Cameron Smith $1,684,774
9 Stewart Cink $1,494,130
10 Sungjae Im $1,384,676
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