Rep. John Garamendi is demanding the Justice Department investigate the merger of thewhile proposing legislation to strip the organization of its tax-exempt status.
Garamendi explained that a number of professional sports leagues had tax-exempt status for years, but have since relinquished that status.
Meanwhile, Garamendi said the PGA-LIV merger"creates an international monopoly in which they effectively control all professional golf, or nearly all professional golf." Garamendi pointed to the Foreign Corrupt Practices Act, in which a foreign government"uses a bribe to achieve a goal could be a financial goal, it could be a political goal."
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxNews - 🏆 9. / 87 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »
Source: politico - 🏆 381. / 59 Read more »
Source: nypost - 🏆 91. / 67 Read more »
Bryson DeChambeau talks PGA Tour-LIV Golf merger, criticism from families of 9/11 victimsThe PGA Tour abruptly dropped its expensive fight with Saudi Arabia’s LIV Golf venture on Tuesday and instead announced a stunning merger that creates a...
Source: dallasnews - 🏆 18. / 71 Read more »