WASHINGTON — Senate Finance Committee Chair Ron Wyden notified top officials with the PGA Tour that he’s opening a wide-ranging probe into the PGA’s surprise tie-up with Saudi Arabia’s Public Investment Fund.
The Senate panel’s investigation adds to widening scrutiny of the pact. The Justice Department has opened an antitrust investigation of the deal, the Wall Street Journal reported Thursday.
Wyden, an Oregon Democrat, said Thursday the combination raises questions about foreign investment in US real estate that could be adjacent to military facilities and sensitive manufacturing businesses, executive compensation for PGA Tour officials and whether the PGA Tour should maintain its tax-exempt status.
