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PGA Tour, DP World Tour and PIF merger investigation by US Senate

Posted : 13 June 2023
The proposed commercial merger between the PGA Tour, DP World Tour, and the Saudi Arabian Public Investment Fund (PIF) is now under investigation by the US Senate.
 
Richard Blumenthal, the chairman of the permanent subcommittee on investigation, has written to the PGA Tour and PIF-funded LIV Golf, requesting all documents related to the plan.
 
Blumenthal raises concerns about the PIF's connection to the Saudi government and the PGA Tour's sudden change in stance regarding LIV Golf's affiliation with Saudi Arabia. He emphasizes the need for transparency and requests the requested documents to be provided by June 26.
 
Blumenthal, a Democratic Party senator from Connecticut, also highlights the potential risks associated with a foreign government entity assuming control over an esteemed American institution.
 
He notes that the PIF is utilizing its investment in sports to advance the strategic objectives of the Saudi government. The announcement of the merger last week came after a year of disruptions in men's golf and has been met with widespread shock among the majority of players.

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