Thank you for supporting our journalism. This article is available exclusively for our subscribers, who help fund our work at the Chicago Tribune.
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.”Blumenthal, who is chairman of the Senate Permanent Subcommittee on Investigations, said he also wanted to hear the tour’s plans to retain its tax-exempt status.
Among the uncertainties is how LIV Golf goes forward after 2023. PIF’s governor, Yasir Al-Rumayyan, is to be chairman of the new venture, with Monahan as CEO and two PGA Tour board members joining them on an executive committee. “Critics have cast such Saudi investments in sports as a means of “sportswashing” — an attempt to soften the country’s image around the world — given Saudi Arabia’s deeply disturbing human rights record at home and abroad,” the letter said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIV Golf, PGA Tour merger was inevitable; so is the blowbackCriticism of golf merger may be valid, but face it: We're all partners when it comes to supporting Saudi Arabia with our money
Source: sdut - 🏆 5. / 95 Read more »
PGA Tour-LIV Golf merger 'disruptive’ for the sports industry, 'Shark Tank' star says'Shark Tank' star and investor Kevin O'Leary says the PGA Tour and LIV Golf merger makes the sport bigger and better – calling on tennis, soccer, and Formula 1 to 'bring it on.'
Source: FoxNews - 🏆 9. / 87 Read more »
The PGA Tour-LIV Golf merger, explained: Who won, who lost, what it means for fansIn one of the most consequential moments in golf history, the PGA Tour and LIV Golf announced on Tuesday morning that they would combine operations to create an as-yet-unnamed new worldwide golf entity. The agreement ends litigation between the two tours, provides a potential pathway for LIV Golf players to rejoin the PGA Tour, and sets up a framework where Saudi Arabia's Public Investment Fund (PIF) now has a significant stake in the future of men's professional golf.
Source: WOKVNews - 🏆 247. / 63 Read more »
PGA Tour goes full hypocrite in its merger with LIV GolfJust last month, the PGA Tour — the pure, pure, ethically-minded PGA — was so aghast at having even a hint of association with Saudi Arabia, that, per GolfWeek, it blocked the Byron Nelson tournament from adding Raytheon Technologies as a title sponsor.
Source: WOKVNews - 🏆 247. / 63 Read more »