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Sunday, November 24, 2024

Blumenthal Releases Preliminary Information on the Agreement Between PGA Tour & Saudi Arabian Investment Fund

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Senator Richard Blumenthal | Richard Blumenthal Official Photo

Senator Richard Blumenthal | Richard Blumenthal Official Photo

[WASHINGTON, D.C.] – On July 11, U.S. Senate Permanent Subcommittee on Investigations (PSI) Chairman Richard Blumenthal (D-CT) released a memorandum with preliminary information obtained in PSI’s inquiry into the proposed merger between the PGA Tour and LIV Golf, which is owned by the Saudi Arabian government’s Public Investment Fund.

Blumenthal entered the memorandum and the documents attached in its appendix into the record during today’s hearing on “The PGA-LIV Deal: Implications for the Future of Golf and Saudi Arabia’s Influence in the United States.”

A link to the memorandum is available here.

Today’s hearing included testimony from PGA Tour Chief Operating Officer Ron Price and PGA Tour Board Member Jimmy Dunne.

Mr. Price’s opening statement, as prepared for delivery, is available here.

Mr. Dunne’s opening statement, as prepared for delivery, is available here.

Original source can be found here

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