LIV Golf and PGA Tour merger faces investigation from US Senator Richard Blumenthal
LIV Golf and PGA Tour merger faces scrutiny from US Senator Richard Blumenthal as shock deal ‘raises concerns’ over role of Saudi PIF
US Senator Richard Blumenthal has opened an investigation into the shock merger between the PGA Tour and LIV Golf brokered by the Saudi Arabian Public Investment Fund.
In letters to LIV Golf Commissioner Greg Norman and PGA Tour Commissioner Jay Monahan, Blumenthal (D-CT) announced a review of the planned agreement between the PIF and the PGA and demanded details of the merger.
Blumenthal, the chair of the Senate’s Permanent Subcommittee on Investigations, said the deal “raises concerns about the Saudi government’s role in influencing this effort and the risks that arise when a foreign government agency seizes control of a cherished takes over American institution’.
The letters sent request the documents no later than June 26, the Monday after Blumenthal’s home state of Connecticut plays host to one of the PGA Tour’s “designated events”: the Travelers Championship at TPC River Highlands.
Senator Richard Blumenthal (D-CT) opened an investigation into the merger between LIV and PGA
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