The deal between the PGA Tour, DP World Tour and the Saudi Arabia Public Funding Fund will likely be mentioned in a Senate listening to on Tuesday.
Wealthy Graessle/Icon Sportswire by way of Getty Pictures
On Tuesday, the U.S. Senate will hold a hearing on the proposed deal between the PGA Tour and Saudi Arabia’s Public Investment Fund (PIF)which runs LIV Golf. The listening to is scheduled to start at 10 a.m. ET. Observe alongside under for reside updates from the listening to in Washington D.C.
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The listening to is entitled “The PGA-LIV Deal: Implications for the Way forward for Golf and Saudi Arabia’s Affect in america.” Senators are anticipated to query among the main gamers within the deal, although PGA Tour CEO Jay Monahan, PIF Governor Yasir Al-Rumayyan and LIV CEO Greg Norman is not going to be in attendance.
Main the listening to will likely be Sen. Richard Blumenthal (D-Conn.)the subcommittee’s chairman, and Sen. Ron Johnson (R-Wis.), the subcommittee’s rating member. As Blumenthal detailed in a June 21 letter to Monahan, the intent of the session is to “look at the deliberate settlement … the way forward for the PIF-funded LIV Golf, the dangers related to a international authorities’s funding in American cultural establishments, and the implications of this deliberate settlement on skilled golf in america going ahead.”
LIVE UPDATES FROM PGA TOUR-LIV SENATE HEARING
10:30 a.m. ET: Sen. Ron Johnson (R-WI) speaks subsequent, providing opening remarks, saying partly: “Sportswashing can also be a reliable challenge, however no amount of cash can wash away the stain of the brutal Khashoggi assassination and different human rights abuses. However it might be grossly unfair to anticipate the PGA Tour to bear the complete burden of holding Saudi Arabi accountable. In spite of everything, anybody who drives a automobile or who makes use of oil-based merchandise has helped fill the coffers of the Saudi Public Funding Fund.
“International funding within the U.S. is mostly an excellent factor, and I might moderately have the Saudis reinvest their oil wealth in America versus China or Russia. Additionally, if the Kingdom’s involvement in golf and different sports activities helps it to modernize and supply extra rights to ladies, wouldn’t that be an excellent factor?”
He added, “There may be nothing improper with the PGA Tour negotiating its survival.”
10:20 a.m. ET: Sen. Blumenthal thanks PGA Tour COO Ron Worth and PGA Tour Coverage Board member Jimmy Dunne for agreeing to seem on the listening to.
10:15 a.m. ET:
10:10 a.m. ET: Sen. Richard Blumenthal (D-Conn.) opens the proceedings with an introductory speech, noting that the PGA Tour is a “cherished American establishment” and that the aim of the listening to is to probe how the involvement of Saudi Arabia, whose authorities he referred to as a “repressive regime,” will have an effect on the Tour and recreation of golf sooner or later.
9:50 a.m. ET: GOLF.com Government Editor Alan Bastable is in attendance in D.C. He stories that the listening to was “initially scheduled for smaller room however resulting from curiosity was moved to larger area: Hart 216, identical room the place Supreme Court docket verify hearings are performed.”
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Printed : 2023-07-11 13:55:47
