Senator Announces Probe of PGA Tour-LIV Golf Merger

Sen. Ron Wyden (D-Ore.) announced on June 15 a probe of the merger between the PGA Tour and LIV Golf, the latter of which is funded by the Saudis.
Wyden, chairman of the Senate Financial Services Committee, also announced a plan to strip away the tax treatment of the Saudi Arabia Public Investment Fund (PIF).
In a letter, Wyden informed PGA Tour Commissioner Jay Monahan IV and PGA Chairman Ed Herlihy of the investigation.
“The PGA Tour’s involvement with PIF 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,” wrote Wyden….}