PGA Tour fficials Will Testify In A Senate Hearing On LIV Golf Merger

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PGA Tour officials will testify in a Senate hearing on LIV Golf merger

The leaders of a Senate investigative subcommittee on Monday announced two PGA Tour officials as witnesses for a hearing next week on the organization’s plan to merge with Saudi Arabia-backed LIV Golf.

The Senate Homeland Security Permanent Subcommittee on Investigations is set to hear testimony July 11 from PGA Tour Chief Operating Officer Ron Price and board member Jimmy Dunne. Sen. Richard Blumenthal, D-Conn., who chairs the subcommittee, and the panel’s ranking member, Sen. Ron Johnson, R-Wis., said in a joint statement that they want to examine the planned agreement between the PGA Tour and the Saudis’ Public Investment Fund, as well as the future of the PGA Tour and professional golf in the U.S.

Blumenthal and Johnson requested testimony last month from LIV Golf CEO Greg Norman, PGA Tour Commissioner Jay Monahan and the Saudi investment fund’s governor, Yasir Al-Rumayyan. The senators said representatives for Norman and Al-Rumayyan informed the subcommittee that they are unable to testify next week because of scheduling conflicts.

“We appreciate the PGA Tour working with us and look forward to a robust, thoughtful exchange with both Ron Price and Jimmy Dunne on July 11, focusing on the details and background of this deal and what it means for this cherished American institution,” Blumenthal and Johnson said in the statement.

The leaders of a Senate investigative subcommittee on Monday announced two PGA Tour officials as witnesses for a hearing next week on the organization’s plan to merge with Saudi Arabia-backed LIV Golf.

The Senate Homeland Security Permanent Subcommittee on Investigations is set to hear testimony July 11 from PGA Tour Chief Operating Officer Ron Price and board member Jimmy Dunne. Sen. Richard Blumenthal, D-Conn., who chairs the subcommittee, and the panel’s ranking member, Sen. Ron Johnson, R-Wis., said in a joint statement that they want to examine the planned agreement between the PGA Tour and the Saudis’ Public Investment Fund, as well as the future of the PGA Tour and professional golf in the U.S.

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Blumenthal and Johnson requested testimony last month from LIV Golf CEO Greg Norman, PGA Tour Commissioner Jay Monahan and the Saudi investment fund’s governor, Yasir Al-Rumayyan. The senators said representatives for Norman and Al-Rumayyan informed the subcommittee that they are unable to testify next week because of scheduling conflicts.

“We appreciate the PGA Tour working with us and look forward to a robust, thoughtful exchange with both Ron Price and Jimmy Dunne on July 11, focusing on the details and background of this deal and what it means for this cherished American institution,” Blumenthal and Johnson said in the statement.

LIV Golf and the PIF did not immediately respond to requests for comment.

The PGA Tour and LIV Golf announced the unexpected — and controversial — merger last month.

Senate Finance Committee Chairman Ron Wyden, D-Ore., announced last month that he has opened an investigation into the planned merger. He is seeking information from the PGA Tour’s leadership from details about the framework of the deal to an assessment of the merger’s implications for national security. In a letter to the organization’s leadership announcing the probe, Wyden wrote that the merger plan “raises significant questions about whether organizations that tie themselves to an authoritarian regime that has continually undermined the rule of law should continue to enjoy tax-exempt status” in the U.S.

The probe came after Wyden and Sen. Elizabeth Warren, D-Mass., asked the Justice Department to “closely scrutinize” the planned merger, saying in a letter that the deal raises antitrust concerns that it and would help Saudi Arabia “‘sportswash’ its egregious human rights record.”

Source – NBC News

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