WASHINGTON — Saudi Arabia’s sovereign wealth fund has agreed to invest more than $1 billion in a new commercial entity controlled by the PGA Tour, and Greg Norman will be ousted as the CEO of LIV Golf if the business deal between the Saudis and the tour is finalized, a tour executive told Congress on Tuesday.
“We’re here because we’re concerned about what it means for an authoritarian government to use its wealth to capture an American institution,” Blumenthal said. Critics of the Saudi investment in golf have pointed to the kingdom’s poor human rights record and the killing of journalist Jamal Khashoggi, which U.S. intelligence concluded was likely approved by the crown prince, an allegation he denies. The PIF has bought its way into other sports including soccer — it owns Newcastle United of the English Premier League — and Formula One racing.
Blumenthal pressed Dunne and Price to pledge that PGA Tour players would be free to criticize the Saudi regime if the deal is completed. Both said they would not recommend that the tour’s policy board approve any deal that includes such restrictions on speech.
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