WASHINGTON — The PGA Tour said Wednesday that it would appear next month before a Senate subcommittee whose leader asked executives from the tour, Saudi golf interests and LIV Golf to testify as Congress investigates the business deal that upended the sport.
Sen. Richard Blumenthal, D-Conn., announced that the Senate Permanent Subcommittee on Investigations would hold a hearing on July 11 to examine the agreement involving the PGA Tour, Saudi Arabia’s sovereign wealth fund and the European tour to pool commercial business and rights in a new company.
Blumenthal invited PGA Tour Commissioner Jay Monahan, Public Investment Fund Governor Yasir Al-Rumayyan and LIV CEO Greg Norman to testify.
In the last year, LIV Golf lured away some of golf’s biggest stars with signing bonuses of $100 million or more, prompting the PGA Tour to respond by pouring millions into its own tournament purses.
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