PGA Tour to appear before Senate next month regarding questions about merger with LIV Golf
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The PGA Tour said Wednesday that it would appear next month before a Senate subcommittee whose leader asked executives from the tour, Saudi golf interests and LIV Golf to testify as Congress investigates the business deal that upended the sport.
Sen. Richard Blumenthal, D-Conn., announced that the Senate Permanent Subcommittee on Investigations would hold a hearing on July 11 to examine the agreement involving the PGA Tour, Saudi Arabia’s sovereign wealth fund and the European tour to pool commercial business and rights in a new company.
"Our goal is to uncover the facts about what went into the PGA Tour’s deal with the Saudi Public Investment Fund and what the Saudi takeover means for the future of this cherished American institution and our national interest," Blumenthal said in a statement. "Americans deserve to know what the structure and governance of this new entity will be. Major actors in the deal are best positioned to provide this information, and they owe Congress — and the American people — answers in a public setting."
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FILE - PGA Tour Commissioner Jay Monahan speaks during a news conference before the start of the Travelers Championship golf tournament at TPC River Highlands, Wednesday, June 22, 2022, in Cromwell, Conn. (AP Photo/Seth Wenig, File)
Blumenthal invited PGA Tour Commissioner Jay Monahan, Public Investment Fund Governor Yasir Al-Rumayyan and LIV CEO Greg Norman to testify.
Monahan had sent a letter to various lawmakers June 9, three days after the PGA Tour’s stunning announcement of an agreement that would end all lawsuits between the PGA Tour and the