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Posts tagged as “the Saudi Public Investment Fund”

Senator Ron Wyden Raises Questions About PGA Tour’s Merger with Saudi-Backed LIV Golf

The PGA Tour's plans to merge with Saudi-backed LIV Golf have come under scrutiny in Washington, D.C., with Senator Ron Wyden raising questions about the morality and safety of the acquisition. The Justice Department has also notified the PGA Tour that it is investigating the merger plans for antitrust concerns, and the organization has yet to respond to the letter or the investigation. Many have questioned the morality of the merger, and the outcome of the investigation and the PGA Tour's response remain to be seen.