BREAKING: US Senate Launches Investigation Against PGA Tour, Saudi PIF Deal
The PGA Tour, Saudi PIF and LIV Tour saga continues.
Sen. Richard Blumenthal (D-Conn.) is launching an investigation against the PGA Tour for its latest partnership with the Saudi Public Investment Fund, owners of the LIV Golf Tour.
The PGA Tour announced its partnership with the Saudis on June 6 after a two-year turf war between the PGA Tour and LIV Golf that included public disputes and lawsuits.
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In a letter addressed to PGA Tour Commissioner Jay Monahan, Blumenthal wrote about his concerns about the PGA Tour’s swift change of heart.
“While few details about the agreement are known, PIF’s role as an arm of the Saudi government and PGA Tour’s sudden and drastic reversal of position concerning LIV Golf raise serious questions regarding the reasons for and terms behind the announced agreement,” Blumenthal said in the letter. “Accordingly, I write to request documents and information related to the agreement between PGA Tour and PIF.”
Blumenthal also cited concerns over giving a lot of stake to the PIF, which is led by the Saudi Crown Prince Mohammad bin Salman.
“PGA Tour’s agreement with PIF regarding LIV Golf raises concerns about the Saudi government’s role in influencing this effort and the risks posed by a foreign government entity assuming control over a cherished American institution,” the letter read.
Blumenthal and the US Senate are requesting the PGA Tour to provide several documents -- including records pertaining to the relationship between the PGA Tour and LIV Golf and communication between the two sides -- by June 26.
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