Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Connecticut senator Richard Blumenthal launching probe into PGA Tour-PIF agreement

Written by 
Published in Golf
Monday, 12 June 2023 08:40

LOS ANGELES – Sen. Richard Blumenthal, D-Conn., sent letters to both PGA Tour commissioner Jay Monahan and LIV Golf CEO Greg Norman to request information about last week’s “framework” agreement between the Tour and the Public Investment Fund of Saudi Arabia.

The agreement was announced last Tuesday to create a new for-profit entity that will be funded by the PIF, which also owns 93 percent of LIV Golf. The agreement calls for an end to the litigation between the Tour, LIV Golf and the PIF and creates a path back for players who joined the breakaway circuit to reapply for Tour membership.
 
Beyond that, there were no other details.

"The PGA Tour’s agreement with PIF regarding LIV Golf raises concerns about the Saudi government’s role in influencing this effort and the risks posed by a foreign government entity assuming control over a cherished American institution," the letter read.

Blumenthal – who is chairman of the permanent subcommittee on Investigations – also claims the move by the PIF, which is controlled by the Saudi government, is an attempt at sports washing, pointing out the Tour “was one of the loudest critics of LIV Golf’s affiliation with Saudi Arabia.”

According to last week’s announcement, the Tour plans to keep its tax-exempt status, which Blumenthal also questioned: “whether a foreign government may indirectly benefit from provisions in U.S. tax laws meant to promote not-for-profit business associations.”

The request includes any information regarding the agreement between the Tour and the PIF, any communication relating to the agreement between board members and executive management for both organizations and any internal communications about how the agreement could impact the Tour’s tax-exempt status.

The request, which begins with any communications starting in October 2021, is due on June 26.

Last summer the Wall Street Journal reported that the Tour is being invested by the Department of Justice for potential anticompetitive behavior toward LIV Golf.
 

Read 112 times

Soccer

United falls at Palace for record 13th Prem defeat

United falls at Palace for record 13th Prem defeat

Manchester United were thrashed at Selhurst Park by Crystal Palace.Photo by Alex Pantling/Getty Imag...

Defiant Ten Hag: United lost plot in Palace defeat

Defiant Ten Hag: United lost plot in Palace defeat

EmailPrintOpen Extended ReactionsEric ten Hag vowed to keep fighting as Manchester United manager, b...

Awful display at Palace all but dooms Man United to worst Premier League season

Awful display at Palace all but dooms Man United to worst Premier League season

EmailPrintOpen Extended ReactionsLONDON -- This is descending into the worst season Manchester Unite...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Brunson's 4th straight 40-point game lifts Knicks

Brunson's 4th straight 40-point game lifts Knicks

EmailPrintOpen Extended ReactionsNEW YORK -- Jalen Brunson's historic scoring run is marching onward...

Nuggets staggered by Wolves again in G2 laugher

Nuggets staggered by Wolves again in G2 laugher

EmailPrintOpen Extended ReactionsDENVER -- Anthony Edwards and Karl-Anthony Towns powered Minnesota'...

Baseball

Dodgers lose another reliever, place Kelly on IL

Dodgers lose another reliever, place Kelly on IL

EmailPrintOpen Extended ReactionsLOS ANGELES -- The Dodgers placed another one of their high-leverag...

Buehler strikes out 4 in 1st MLB start in 2 years

Buehler strikes out 4 in 1st MLB start in 2 years

EmailPrintOpen Extended ReactionsLOS ANGELES -- Walker Buehler went four innings and struck out four...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated