News Formal

Senator asks LIV Golf, PGA Tour leaders for records on merger - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 50%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The leader of a Senate subcommittee is demanding the PGA Tour and Saudi Arabia's LIV Golf present records about negotiations that led to their new agreement and plans for what golf will look like under the arrangement.

U.S. Sen. Richard Blumenthal, D-Conn., sent letters Monday to PGA Tour Commissioner Jay Monahan and LIV CEO Greg Norman spelling out the “serious questions regarding the reasons for and terms behind the announced agreement.”

Last week, LIV and the tour stunned the golf world by agreeing to merge the PGA Tour and European tour with the Saudi golf interests, while also dropping all lawsuits between the parties. The governor of Saudi Arabia's sovereign wealth fund, which bankrolls LIV, will join the PGA Tour board of directors and lead a new business venture as its chairman. The PGA Tour itself will remain a tax-exempt entity.

The agreement announced last week was to combine the golf-related businesses of Saudi's Public Investment Fund — which includes LIV Golf — with those of the PGA Tour and European tour. That would be a new for-profit company still to be named. In his letters to Monahan and Norman, Blumenthal wrote about the skepticism critics hold over the Saudis' intent “to use investments in sports to further the Saudi government's strategic objectives.”

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 83. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

U.S. Senator opens probe into planned PGA Tour, LIV Golf mergerU.S. Senator Richard Blumenthal demanded details on how the PGA Tour came to its agreement with LIV Golf and how any newly formed entity will be structured and operated
Bron: globeandmail - 🏆 5. / 92 Lees verder »

U.S. senator asks LIV Golf, PGA Tour leaders for records on massive mergerThe leader of a U.S. Senate subcommittee is demanding the PGA Tour and Saudi Arabia\u0027s LIV Golf present records about negotiations.
Bron: TheTorontoSun - 🏆 23. / 68 Lees verder »

Senator asks LIV Golf, PGA Tour leaders for records on mergerThe leader of a Senate subcommittee is demanding the PGA Tour and Saudi Arabia's LIV Golf present records about negotiations that led to their new agreement and plans for what golf will look like under the arrangement.
Bron: CTVNews - 🏆 1. / 99 Lees verder »