The backlash to the proposed merger between the PGA Tour and LIV Golf intensified as Senate Finance Committee Chairman Ron Wyden opened an investigation into the deal
The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV Golf and assess what the deal means for national security. “The PGA Tour’s involvement with PIF raises significant questions about whether organizations that tie themselves to an authoritarian regime that has continually undermined the rule of law should continue to enjoy tax-exempt status in the United States,” Wyden said in a statement.
The Department of Justice has reportedly notified the PGA Tour that its deal is under review for antitrust concerns, according to a report in the Wall Street Journal citing people familiar with the matter. The reported DOJ probe into the surprise partnership casts doubt over the new, as yet unnamed joint commercial enterprise between the organizations and the Europe-based DP World Tour.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf mergerDemocratic Sens. Elizabeth Warren and Ron Wyden urged the Justice Department to examine potential antitrust abuses from the PGA Tour-LIV Golf deal.
Leer más »
Senate launches second probe of PGA Tour’s deal with Saudi fundThe Chair of the Senate Finance Committee said Thursday that he was opening a “wide-ranging” investigation into the finances of the PGA Tour’s proposed partnership with the Saudi Arabian Public Investment Fund.
Leer más »
Senate Launches ANOTHER Probe Into PGA Tour-LIV Golf MergerFinance Committee Chairman Sen. Ron Wyden says the merger “raises significant questions about whether organizations that tie themselves to an authoritarian regime” should enjoy U.S. tax exempt status.
Leer más »
PGA Tour commissioner Jay Monahan 'recuperating'\u00a0from medical situationThe PGA Tour Policy Board announced Tuesday evening that Commissioner Jay Monahan, 53, will be relieved of his day-to-day duties on the PGA Tour while recovering from a medical issue.
Leer más »
Senate probes PGA's partnership with Saudi-backed LIV GolfSen. Richard Blumenthal warned that the PGA Tour's deal with Saudi-backed LIV Golf could have serious consequences, _jahan writes.
Leer más »
PGA Tour commissioner Jay Monahan taking leave from duties to address 'medical situation'Embattled PGA Tour commissioner Jay Monahan is taking a leave from his role following an undisclosed 'medical situation.'
Leer más »