The deal to bring Saudi investment into the PGA Tour shocked the golf world and invited scrutiny from Congress as well as the Justice Department, which is looking into potential antitrust violations
The negotiators of a business deal between the PGA Tour and the Saudi funders of LIV Golf discussed ousting LIV chief executive Greg Norman and giving Tiger Woods and Rory McIlroy their own LIV teams, according to documents obtained by Congress.
The subcommittee is seeking to determine how the investment in golf by Saudi Arabia’s Public Investment Fund aligns with the kingdom’s geopolitical interests. In his opening remarks, Blumenthal said he wanted to uncover the reasons behind the involvement of a “brutal, repressive regime” in a beloved American sports institution whose leaders, before their deal with the Saudis, had made moral arguments against LIV players taking Saudi money.
The documents released Tuesday also detail the roles of people on the Saudi side of the negotiations, notably Amanda Staveley, a British investment banker who helped broker the Newcastle deal and now sits on the team’s board, and Roger Devlin, a British businessman. Devlin was the first to approach PGA Tour board member Jimmy Dunne about the prospect of a deal between the tour and LIV, the documents show.
Among the other proposals included in the memo are a mixed-gender, LIV-style team event with qualifying in Saudi Arabia and concluding in Dubai; awarding world ranking points to LIV events, including retroactively; and PIF sponsorship of two elevated PGA Tour events, including one in Saudi Arabia.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Randall Stephenson resigns from PGA Tour board over ‘serious concerns’ about Saudi deal, according to reportRandall Stephenson was on PGA Tour’s policy board for 12 years before saying he could ‘not in good conscience’ support the merger with Saudi Arabia’s LIV Golf
Lire la suite »
Former AT&T executive resigns from PGA Tour board over LIV Golf dealRandall Stephenson wrote he had \u0022serious concerns\u0022 about the tour\u0027s controversial partnership with the Saudi Arabian Public Investment Fund.
Lire la suite »
AFN takes tumultuous road to annual meeting after ousting national chiefFormer national chief RoseAnne Archibald has said she may attend the meeting, scheduled to take place Tuesday through Thursday, and is asking for chiefs to reinstate her
Lire la suite »
AFN to host annual meeting after ousting national chiefHundreds of Indigenous leaders will gather this week for the Assembly of First Nations annual meeting, trying to forge a path forward after the tumultuous leadership of its former national chief
Lire la suite »
Straka flirts with 59, runs away with title at PGA's John Deere ClassicAustria\u0027s Sepp Straka won the John Deere Classic on Sunday with a final\u002Dround 9\u002Dunder 62 that could have been much better.
Lire la suite »
Straka flirts with 59, runs away with title at PGA's John Deere ClassicAustria\u0027s Sepp Straka won the John Deere Classic on Sunday with a final\u002Dround 9\u002Dunder 62 that could have been much better.
Lire la suite »