PGA Tour Commissioner Jay Monahan, PIF Governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman have been invited by a U.S. Senate committee to to testify at a July 11 hearing on the planned agreement between the PGA Tour and the Saudi Arabian PIF.
The business arrangement between the PGA Tour and the PIF was originally announced on June 6. As part of the deal, both sides agreed to drop all existing litigation. Less than one week later, Blumenthal announced an investigation and requested all communications in connection with the deal.The new company being created by the tours will be headed by Monahan serving as chief executive and Al-Rumayyan as chairman.
“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,” Blumenthal said in a press release Wednesday. “Americans deserve to know what the structure and governance of this new entity will be.
“Fans, the players, and concerned citizens have many questions about the planned agreement between the PGA Tour and LIV Golf,” said Johnson. “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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