There is a lot of heat surrounding the proposed partnership between the PGA Tour and DP World Tour as well as the Public Investment Fund in Saudi Arabia.
The U.S. Senate Permanent Subcommittee on Investigations on Wednesday invited PGA Tour Commissioner Jay Monahan and LIV Golf League CEO Greg Norman, as well as PIF Governor Yasir Al-Rumayyan, to testify in an hearing on Thursday. Chairman of the subcommittee, Sen. Richard Blumenthal (D-Conn.), and ranking member Ron Johnson (R-Wisc.) sent out an invitation.
Blumenthal wrote in his letter: "Our goal is uncovering the truth about the PGA Tour deal with Saudi Public Investment Fund, and what this Saudi takeover means to the future of the cherished American institution as well as our national interests." The Americans deserve to know the structure and governance for this new entity. The major players in the deal should be able to answer this question in public. They owe Congress and the American people answers.
I invite the PGA Tour commissioner, LIV golf CEO, & Saudi Public Investment Fund governor to appear before my Permanent Subcommittee on Investigations today. We must get to the bottom the proposed agreement between the PGA & Saudi funded LIV Golf. pic.twitter.com/FlYD4vpmCh
Richard Blumenthal (@SenBlumenthal), June 21, 2023
Johnson added that "fans, players and citizens with concerns have many questions regarding the planned agreement between PGA Tour LIV Golf." I am looking forward to hearing from those who can provide the public with the most insight into the current state professional golf. I hope this hearing, and any other role Congress plays in the matter, will be constructive.
The PGA Tour policy board must still approve the deal.
The PGA Tour, LIV Golf, and other parties dropped all pending suits last week as part of the framework to create the new entity. However, the New York Times is requesting that all documents in LIV's claim, and the Tour counterclaim, be unsealed, due to the First Amendment rights and common law right to public records.
By: Adam Woodard
Title: PGA Tour, LIV Golf and Public Investment Fund leaders invited to U.S. Senate hearing in July
Sourced From: golfweek.usatoday.com/2023/06/21/pga-tour-liv-golf-news-saudi-arabia-united-states-senate/
Published Date: Wed, 21 Jun 2023 17:40:14 +0000
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