The PGA Tour, the Saudi Arabian-owned Public Investment Fund and LIV Golf may be working to finalize the terms of their planned merger, but it won’t take place without a closer look from Capitol Hill.
Sen. Richard Blumenthal (D-Conn.), chairman of the Senate Permanent Subcommittee on Investigations, said Monday the deal raises concerns “about the Saudi government’s role in influencing this effort and the risks posed by a foreign government entity assuming control over a cherished American institution.”
