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...
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