Senate launches probe into merger of Saudi-backed LIV Golf, PGA Tour

PGA golfer Dylan Wu joined 'America's Newsroom' to discuss why many golfers are still shocked by the merger and why he believes many players are 'shut out from what's happening.'between LIV Golf and the PGA Tour.

PGA officials announced last week that their organization would create a"newly-formed commercial entity to unify golf" along with the Public Investment Fund , which owns LIV. The PIF is the sovereign wealth fund of Saudi Arabia, controlled by Crown Prince Mohammed bin Salman. LIV has been under intense scrutiny since its inception as critics dismiss it as a high-dollar front for Saudi Arabia to"sportswash" its reputation for"While few details about the agreement are known, PIF’s role as an arm of the Saudi government and PGA Tour’s sudden and drastic reversal of position concerning LIV Golf raise serious questions regarding the reasons for and terms behind the announced agreement," Blumenthal wrote in the letter.

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Senate Probes Saudi-Backed LIV-PGA Merger—Questioning Its Non-Profit StatusThe PGA Tour’s long-held tax exemption is under federal scrutiny amid the American institutions’s influx of Saudi cash.
منبع: Forbes - 🏆 394. / 53 ادامه مطلب »

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.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

'Sportswash': Congress Introduces Bill Aimed at PGA Tour-LIV MergerThe PGA tour and LIV Golf appear poised to plow ahead with their shocking and unpredictable merger. However, some in the federal government and saying not so fast.
منبع: BreitbartNews - 🏆 610. / 51 ادامه مطلب »