Senate launches probe into merger of Saudi-backed LIV Golf, PGA Tour

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 87%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Sen. Richard Blumenthal is demanding records regarding LIV and PGA's partnership, which some say is an attempt to distract from Saudi Arabia's human rights record.

PGA golfer Dylan Wu joined 'America's Newsroom' to discuss why many golfers are still shocked by the merger and why he believes many players are 'shut out from what's happening.'between LIV Golf and the PGA Tour.

PGA officials announced last week that their organization would create a"newly-formed commercial entity to unify golf" along with the Public Investment Fund , which owns LIV. The PIF is the sovereign wealth fund of Saudi Arabia, controlled by Crown Prince Mohammed bin Salman. LIV has been under intense scrutiny since its inception as critics dismiss it as a high-dollar front for Saudi Arabia to"sportswash" its reputation for"While few details about the agreement are known, PIF’s role as an arm of the Saudi government and PGA Tour’s sudden and drastic reversal of position concerning LIV Golf raise serious questions regarding the reasons for and terms behind the announced agreement," Blumenthal wrote in the letter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 9. in LAW

Law Law Latest News, Law Law Headlines