Report: Congressional hearing on PIF-PGA Tour deal could come "within weeks"
A congressional hearing for the PIF-PGA Tour agreement could be right around the corner.
The latest update in the LIV Golf-PGA Tour saga has arrived.
Nearly two weeks ago, the professional golf world was turned upside down when it was announced that the PGA Tour, DP World Tour and the Public Investment Fund of Saudi Arabia (PIF) had formed an agreement to create an entirely new, for-profit entity.
The new entity will supposedly combine the commercial rights and businesses of the PGA Tour and DP World Tour with the golf-related commercial businesses and rights of the PIF - which includes LIV Golf.
The news came as a shock to most as for much of the past year and a half the PGA Tour and DP World Tour have been caught up in their own legal battles with LIV Golf and its players.
According to Golf Channel's Rex Hoggard, multiple players have been sent requests from Sen. Richard Blumenthal's staff seeking meetings with the players for their inquiry into the agreement.
Blumenthal also sent a letter to Jay Monahan and LIV Golf CEO Greg Norman asking for documents.
And according to various sources of Hoggard's, the Justice Department is set to go over the new agreement as part of their already on-going investigation.
John Nucci, an attorney and chief golf law correspondent at the Conduct Detrimental podcast, tweeted that Blumenthal said a congressional hearing on the agreement could come sooner rather than later.
He wrote:
NEW: Sen. Richard Blumenthal tells CBS News “Face the Nation” that a congressional hearing on the PGA Tour-PIF partnership could come within weeks.
He added that “subpoenas, hearings, recommendations for action, and legislation are all on the table.” pic.twitter.com/iR74aPbVrz— John Nucci (@JNucci23) June 19, 2023
