![]() As Blumenthal detailed in a June 21 letter to Monahan, the intent of the session is to “examine the planned agreement … the future of the PIF-funded LIV Golf, the risks associated with a foreign government’s investment in American cultural institutions, and the implications of this planned agreement on professional golf in the United States going forward.”Īdded Johnson, in a statement, “I hope that this hearing and any other role that Congress plays in this matter will be constructive.” Ron Johnson (R-Wis.), the subcommittee’s ranking member. Richard Blumenthal (D-Conn.), the subcommittee’s chairman, and Sen. Monahan, who is recovering from an undisclosed health condition, will not be in attendance, nor will Al-Rumayyan or LIV CEO Greg Norman, both of whom cited scheduling conflicts. Senate Permanent Subcommittee on Investigations that is probing the Tour-PIF accord. The op-ed also lays out why Price believes the pact, should it be approved, will result in a “highly favorable outcome for the PGA Tour,” and presumably serves as a preview of the testimony Price and Tour policy board member Jimmy Dunne - who Monahan has credited with brokering the proposed deal with Al-Rumayyan - will present on Tuesday on Capitol Hill, where they are both scheduled to field questions from the U.S. News Noting deal with Saudi Arabia’s PIF, PGA Tour policy board member resigns By: Moving forward, we firmly believe that the more the facts are discussed and understood, the further our constituents can support a potential definitive agreement - if reached - and look forward to the positive and lasting impact on all levels of our game.” That’s something we take full ownership of and deeply regret. “Due to the confidential nature of negotiations surrounding the framework agreement, much of the initial reaction has been negative, colored by misinformation or misunderstanding. That much came to light Monday by way of Ron Price, the Tour’s chief operating officer, who in an op-ed published by The Athletic, wrote: To golf fans, Tour watchdogs, even the players themselves, there were far more questions about the secretive deal than answers. Among the many concerns and panicky leaps to conclusion: Were the Saudis taking over men’s professional golf? Would PIF governor Yasir Al-Rumayyan become Tour commissioner Jay Monahan’s boss? Would LIV dissolve? Or would the LIV model come to the PGA Tour? And, perhaps above all, why such an extreme about-face from the Tour, which for months had been entangled in a bitter feud - legal and otherwise - with LIV’s power brokers? When on June 6 the PGA Tour and Saudi Arabia’s Public Investment Fund - which backs LIV Golf - announced some details of their proposed partnership, shock and confusion reigned in the golf world and beyond. Yasir Al-Rumayyan, left, and Jay Monahan announcing the proposal for the PGA Tour-PIF partnership on June 6 on CNBC.
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