US Senate panel invites PGA Tour commissioner, LIV CEO to testify on merger

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WASHINGTON: A US Senate panel on Wednesday invited PGA Tour Commissioner Jay Monahan, Saudi Arabia's Public Investment Fund Governor Yasir al-Rumayyan and LIV Golf CEO Greg Norman to testify at a Jul 11 hearing. US Senator Richard Blumenthal, who chairs the Permanent Subcommittee on Investigations, and the

WASHINGTON: A US Senate panel on Wednesday invited PGA Tour Commissioner Jay Monahan, Saudi Arabia's Public Investment Fund Governor Yasir al-Rumayyan and LIV Golf CEO Greg Norman to testify at a Jul 11 hearing.

“Our goal is to uncover the facts about what went into the PGA Tour’s deal with the Saudi Public Investment Fund and what the Saudi takeover means for the future of this cherished American institution and our national interest," said Blumenthal. “Americans deserve to know what the structure and governance of this new entity will be."

Last week, Senators Elizabeth Warren and Ron Wyden asked the Justice Department to open an antitrust investigation into the planned deal between the PGA Tour and Saudi-backed LIV Golf, saying they believe it would result in a monopoly over professional golf operations.

 

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