Analysis: Saudi Arabia's investments will make it harder for the world to withdraw from Riyadh’s orbit in the future.
, including news from around the globe and interesting ideas and opinions to know, sent to your inbox every weekday.For the better part of two years, the PGA Tour and the Saudi-backed LIV Golf series have been at loggerheads over the latter’s emergence — an upstart competition fueled by a massive outlay of cash from Saudi Arabia’s sovereign wealth fund that forced a dramatic rupture in the golfing world.
suffused the sport. There were lawsuits and hearings. Athletes versed in birdies and bogeys had to summon responses to questions about human rights and autocratic regimes.. Last week came news of a truce and an alliance. The PGA Tour, its European counterpart and Saudi Arabia’s Public Investment Fund agreed to a merger that would place Saudi financing at the center of golf’s most prestigious tournaments.
Today I am opening a probe into the PGA Tour merger as Chair of the Permanent Subcommittee on Investigations. I am demanding information from PGA & LIV on how they came to this agreement with the Saudi Public Investment Fund & how this new entity will be structured & operated.
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