A U.S. Senate subcommittee has opened a review of the PGA Tour's planned alliance with the DP World Tour and Saudi Arabia's Public Investment Fund, which backs LIV Golf.
Blumenthal noted that PIF, with assets of more than $700 billion, was created by the Saudi Arabian monarchy and operated by a board under the guidance of Crown Prince Mohammad bin Salman. PIF governor Yasir Al-Rumayyan, who will serve as chairman of the new golf entity, is one of Bin Salman's close friends and confidants.
"[P]rior to this agreement, PGA Tour was one of the loudest critics of LIV Golf's affiliation with Saudi Arabia," Blumenthal wrote. In the letters to Monahan and Norman, Blumenthal requested myriad documents and communication related to the relationship between the PGA Tour, LIV Golf and PIF; a copy of the agreement and any plans for the new entity; Monahan's communication with others"concerning risks to PGA Tour posed by LIV Golf, ownership of LIV Golf, and Saudi Arabia's influence on LIV Golf;" those related to any dispute between the PGA Tour and PIF, LIV Golf, Monahan or Al-Rumayyan; records relating...
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
PGA Tour told employees fight with LIV Golf became financial burden: reportIt was always all about the money.
Leer más »
Golfers who turned down LIV, stayed with PGA Tour could get equity in new venturePGA golfers who remained loyal to the PGA Tour instead of taking the money offered by LIV Golf could be rewarded with equity shares in the new venture.
Leer más »
'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.
Leer más »
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
Leer más »
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.'
Leer más »
These US Open storylines will push PGA Tour-LIV Golf issue to back-burnerThe PGA Tour-LIV Golf news will be the talk leading up to the opening round of the U.S. Open Thursday, but after that, the actual golf will dominate.
Leer más »