The Chair of the Senate Finance Committee said Thursday that he was opening a “wide-ranging” investigation into the finances of the PGA Tour’s proposed partnership with the Saudi Arabian Public Investment Fund.
Ron Wyden , chair of the Senate Finance Committee, said in a letter to PGA leadership that the tour’s involvement with the fund and its rival golf league, LIV, “raises significant questions about whether organizations that tie themselves to an authoritarian regime that has continually undermined the rule of law should continue to enjoy tax-exempt status in the United States.”
, citing the Saudi government’s “deeply disturbing” human rights record and “risks posed by a foreign government entity assuming control over a cherished American institution.”The tour’s status as a tax-exempt organization has long been in the crosshairs of lawmakers, with legislation proposed annually in both chambers to revoke the organization’s status.
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