U.S. Senator opens probe into planned PGA Tour, LIV Golf merger

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U.S. Senator Richard Blumenthal demanded details on how the PGA Tour came to its agreement with LIV Golf and how any newly formed entity will be structured and operated

U.S. Senator Richard Blumenthal on Monday asked the PGA Tour and LIV Golf for communications and records related to their planned merger.

The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit, which had been involved in a bitter fight that split the sport, announced an agreement last week to merge and form one unified commercial entity. “PGA Tour’s agreement with 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,” Blumenthal wrote.

Treasury Secretary Janet Yellen told CNBC last week that it was not immediately obvious that the PGA merger with LIV was a matter of national security.

 

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