Professional Sports

The tie-up is being viewed by officials as a brazen play loaded with red flags, not the least of which is creating a giant monopoly in an industry that had only recently gained a competitor.

LIV sued PGA last year for allegedly engaging in monopolistic behavior by using restrictive rules intended to deprive golfers from playing in rival leagues.

In April, Endeavor Group Holdings agreed to buy World Wrestling Entertainment in a deal that values the company at $9.3 billion including debt.