Key figures in the PGA Tour’s deal with Saudi Arabia’s Public Investment Fund summoned to US Senate hearing
After the PGA Tour, the DP World Tour and Saudi Arabia’s Public Investment Fund, which backed the breakaway LIV Golf series, announced a partnership to unify golf, the US Senate said it would open an investigation and has now summoned the leading figures in the controversy to a hearing
Last Updated: 21/06/23 9:09pm
The Golf Channel’s Rex Hoggard explains the next steps following the agreement between the PIF and the PGA Tour after a court case ended on Friday
The Golf Channel’s Rex Hoggard explains the next steps following the agreement between the PIF and the PGA Tour after a court case ended on Friday
The key figures in the controversial partnership between Saudi Arabia’s Public Investment Fund (PIF), the PGA Tour and the DP World Tour have been summoned to attend a United States Senate hearing next month.
PGA Tour commissioner Jay Monahan, Saudi Arabia’s PIF governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman have been asked to appear at a Permanent Subcommittee on Investigations meeting on July 11 to examine the Tour’s shock unification with the PIF, who funded the breakaway LIV round.
The deal between the PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund continued to dominate the news agenda ahead of the US Open in Los Angeles.
The PGA Tour announced a fortnight ago it was creating a new commercial entity with the DP World Tour and the PIF, a move it said would “unify golf” and which brought an end to a legal dispute between the PGA Tour and LIV Golf.
This surprise development has attracted criticism, with the Senate announcing it would open an investigation, which has been followed by this announcement of the hearing.
Senator Richard Blumenthal, who chairs the committee, said in a statement posted on his Twitter account: “Our goal is to uncover the facts about what went into the PGA Tour’s deal with the Saudi Public Investment Fund and what the Saudi takeover means for the future of this cherished American institution and our national interest.
Justin Rose raises questions on what the new agreement between the PGA Tour, DP World Tour and the PIF actually means for the players, ahead of the US Open.
“Americans deserve to know what the structure and governance of this new entity will be. Major actors in the deal are best positioned to provide this information and they owe Congress – and the American people – answers in a public setting.”
Senator Richard Johnson, who also sits on the committee, added: “Fans, the players, and concerned citizens have many questions about the planned agreement between the PGA Tour and LIV Golf.
Dustin Johnson says his understanding is that LIV Golf will still be running a full schedule in 2024, while Cameron Smith and Matt Fitzpatrick admit they were surprised by the PGA Tour and PIF’s new deal
“I look forward to hearing testimony from the individuals who are in the best positions to provide insight to the public regarding the current state of professional golf.
“I hope that this hearing and any other role that Congress plays in this matter will be constructive.”
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