Senate Committee to Probe PGA-LIV Golf Deal

The PGA’s recent agreement with the Saudi-backed LIV Golf League has sparked an investigation by a Senate committee. Senator Richard Blumenthal, the chairman of the Permanent Subcommittee on Investigations, is concerned about the potential risks posed by the Saudi government assuming control of this cherished American institution. Blumenthal has requested documents and other information related to the agreement, citing concerns that the Saudi investments are a form of sportswashing. Under the terms of the deal, the Saudi Public Investment Fund will invest in a new subsidiary of the PGA Tour, which is still unnamed and will be a for-profit entity. The PGA will control a majority of board seats of the new entity, with the PIF a minority investor. Monahan will serve as CEO of the new venture. Blumenthal questioned the PGA Tour’s plans to preserve its tax-exempt status, raising concerns that a foreign government would then “indirectly benefit” from laws meant to promote not-for-profit business associations. The PGA has responded by saying that they are confident that once Congress learns more about how the PGA Tour will control this new venture, they will understand the opportunities this will create for our players, our communities and our sport, all while protecting an American golf institution.