The U.S. Senate Everlasting Subcommittee on Investigations has invited PGA Tour commissioner Jay Monahan, LIV Golf League CEO and commissioner Greg Norman and Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Funding Fund, to testify at a July 11 listening to concerning the entities’ deliberate alliance in males’s skilled golf.
Sen. Richard Blumenthal, D-Conn., chairman of the subcommittee, and rating member Ron Johnson, R-Wis., invited the boys to testify on the listening to in a letter Wednesday.
“Our objective is to uncover the details about what went into the PGA Tour’s cope with the Saudi Public Funding Fund and what the Saudi takeover means for the way forward for this cherished American establishment and our nationwide curiosity,” Blumenthal mentioned in a press release. “Individuals should know what the construction and governance of this new entity shall be. Main actors within the deal are finest positioned to supply this data, and so they owe Congress — and the American individuals — solutions in a public setting.”
The June 6 announcement of the beautiful deal additionally has led to investigations by the U.S. Division of Justice’s Antitrust Division and the Senate Finance Committee.
The PGA Tour, LIV Golf League and PIF have a framework settlement in place. The deal would nonetheless must be accredited by the PGA Tour’s coverage board.
Monahan, Norman and Al-Rumayyan have been requested to supply a written assertion for Senate file and a five-minute opening assertion on the listening to.
“Followers, the gamers, and anxious residents have many questions on the deliberate settlement between the PGA Tour and LIV Golf,” Johnson mentioned in a press release. “I look ahead to listening to testimony from the people who’re in the most effective positions to supply perception to the general public concerning the present state {of professional} golf. I hope that this listening to and every other position that Congress performs on this matter shall be constructive.”
The Tour mentioned in a press release it could “look ahead” to answering questions from the Senate committee concerning the alliance with LIV.
“Already, the primary section of this framework has resulted ultimately of expensive litigation with LIV Golf,” the Tour mentioned. “As we enter the subsequent section, we look ahead to persevering with the productive conversations we had [Tuesday night] with our gamers, listening to their suggestions, and dealing towards negotiating a ultimate settlement that’s of their finest curiosity and ensures that the Tour leads any new enterprise.”
