PGA Official Tells Senate Lawmakers Saudi Investment In New Entity Will Be “North Of $1 Billion”

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PGA officials were in the hot seat on Tuesday as they faced lawmakers questions about the tour’s abrupt reversal that led to a deal with Saudi-backed rival LIV, despite months of criticism ov…

officials were in the hot seat on Tuesday as they faced lawmakers questions about the tour’s abrupt reversal that led to a deal with Saudi-backed rival LIV, despite months of criticism over the human rights record of the Saudi gpvernment.

Homeland Security Permanent Subcommittee On Investigations, PGA COO Ron Price, pressed to provide an estimate of just how much the Saudi Arabian Public Investment Fund would contribute to a new entity, said that “north of $1 billion” was being discussed, but that negotiations on a final agreement were ongoing.

 

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