US Senate opens investigation into PGA Tour-LIV Golf deal

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The PGA Tour and LIV Golf may have already finalized the terms of their planned merger, but it won't take place without a closer look from Capitol Hill.

By combining forces, the PGA Tour and LIV Golf could Saudi Arabia

's “deeply disturbing human rights record at home and abroad," Blumenthal said in his letter to PGA Tour commissioner Jay Monahan the Tour's "sudden and drastic reversal of position concerning LIV Golf raise serious questions regarding the reasons for and terms behind the announced agreement."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PGA Tour, LIV Golf agree to mergeIn a stunning twist to the saga that has consumed golf for the last year, the PGA Tour, the DP World Tour and LIV Golf, the upstart breakaway tour funded by Saudi Arabia's Public Investment Fund, have agreed to merge.
Source: WOKVNews - 🏆 247. / 63 Read more »

Senator opens investigation into PGA Tour merger with Saudi-backed LIV GolfThe sudden merger between PGA Tour and Saudi-owned Liv Golf has invited scrutiny from federal lawmakers.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: chicagotribune - 🏆 8. / 91 Read more »

The PGA Tour-LIV Golf merger, explained: Who won, who lost, what it means for fansIn one of the most consequential moments in golf history, the PGA Tour and LIV Golf announced on Tuesday morning that they would combine operations to create an as-yet-unnamed new worldwide golf entity. The agreement ends litigation between the two tours, provides a potential pathway for LIV Golf players to rejoin the PGA Tour, and sets up a framework where Saudi Arabia's Public Investment Fund (PIF) now has a significant stake in the future of men's professional golf.
Source: WOKVNews - 🏆 247. / 63 Read more »

PGA Tour goes full hypocrite in its merger with LIV GolfJust last month, the PGA Tour — the pure, pure, ethically-minded PGA — was so aghast at having even a hint of association with Saudi Arabia, that, per GolfWeek, it blocked the Byron Nelson tournament from adding Raytheon Technologies as a title sponsor.
Source: WOKVNews - 🏆 247. / 63 Read more »