Scrutiny of PGA Tour's Saudi deal intensifies as Senate Finance Committee launches investigation | CNN Business

The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV Golf and assess what the deal means for national security. “The PGA Tour’s involvement with PIF 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 United States,” Wyden said in a statement.

The Department of Justice has reportedly notified the PGA Tour that its deal is under review for antitrust concerns, according to a report in the Wall Street Journal citing people familiar with the matter. The reported DOJ probe into the surprise partnership casts doubt over the new, as yet unnamed joint commercial enterprise between the organizations and the Europe-based DP World Tour.

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Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf mergerDemocratic Sens. Elizabeth Warren and Ron Wyden urged the Justice Department to examine potential antitrust abuses from the PGA Tour-LIV Golf deal.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Senate Launches ANOTHER Probe Into PGA Tour-LIV Golf MergerFinance Committee Chairman Sen. Ron Wyden says the merger “raises significant questions about whether organizations that tie themselves to an authoritarian regime” should enjoy U.S. tax exempt status.
Sumber: thedailybeast - 🏆 307. / 63 Baca lebih lajut »