Key Senate Democrats requested an inquiry into the controversial merger between the PGA Tour and Saudi-owned LIV Golf.
The merger would make have the effect of making a U.S. entity complicit in Saudi Arabia's "sportswashing" campaign, the senators said. Sens. Elizabeth Warren of Massachusetts and Ron Wyden of Oregon asked the Justice Department to determine whether the deal toThe deal "would make a U.S.
Saudi Crown Prince Mohammed bin Salman, who controls the PIF's purse strings, is also accused of orchestrating the 2018 murder of Washington Post journalistIn the letter, the lawmakers pointed to the PGA Tour's comments from a 2022 lawsuit, in which the organization said the Saudi entity is "not a rational economic actor," and is "prepared to lose billions of dollars to leverage [U.S.
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Senator asks LIV Golf, PGA Tour leaders for records on mergerThe leader of a Senate subcommittee wants the PGA Tour and Saudi Arabia’s LIV Golf to present records about negotiations that led to their new agreement and plans for what golf will look like under the arrangement. Sen. Richard Blumenthal sent letters to PGA Tour Commissioner Jay Monahan and LIV CEO Greg Norman spelling out the “serious questions regarding the reasons for and terms behind the announced agreement.” Blumenthal, who is chairman of the Senate Permanent Subcommittee on Investigations, said he also wanted to hear the tour’s plans to retain its tax-exempt status. Last week, LIV and the tour stunned the golf world by agreeing to merge the PGA Tour and European tour with the Saudi golf interests, while dropping all lawsuits between the parties.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »
Senator asks LIV Golf and PGA Tour leaders for records about new mergerThe leader of a Senate subcommittee is demanding the PGA Tour and Saudi Arabia’s LIV Golf present records about negotiations that led to their new agreement and plans for what golf will look like under the arrangement.
Fonte: chicagotribune - 🏆 8. / 91 Consulte Mais informação »
Senate launches probe into merger of Saudi-backed LIV Golf, PGA TourSen. Richard Blumenthal is demanding records regarding LIV and PGA's partnership, which some say is an attempt to distract from Saudi Arabia's human rights record.
Fonte: FoxNews - 🏆 9. / 87 Consulte Mais informação »