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Articles for Blumenthal, search results for saudi

Senate committee wants cooperation from Saudis in proposed deal with PGA Tour
10 months, 3 weeks ago

Senate committee wants cooperation from Saudis in proposed deal with PGA Tour

Associated Press  

A Senate subcommittee investigating the PGA Tour’s proposed deal with the Saudi backers of LIV Golf wants documents from four U.S. consulting firms for the Public Investment Fund. The congressional inquiry stems from the June 6 agreement between the PGA Tour, European tour and the PIF to be part of a for-profit company, in which PGA Tour Commissioner Jay Monahan …

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Senator subpoenas Saudis for documents on LIV-PGA Tour golf deal
1 year, 3 months ago

Senator subpoenas Saudis for documents on LIV-PGA Tour golf deal

The Independent  

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Senator subpoenas Saudis for documents on LIV-PGA Tour golf deal
1 year, 3 months ago

Senator subpoenas Saudis for documents on LIV-PGA Tour golf deal

Associated Press  

WASHINGTON — The chairman of a Senate investigations subcommittee issued a subpoena Wednesday for documents on Saudi Arabia’s new golf partnership with the PGA Tour, saying the kingdom had to be more transparent about what he said was its $35 billion in investments in the United States. The move is the latest to challenge Saudi Arabia’s assertion that as a …

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PGA Tour officials: No choice but to join LIV
1 year, 5 months ago

PGA Tour officials: No choice but to join LIV

The Hindu  

PGA Tour officials painted a bleak outlook during a contentious Senate hearing Tuesday, sharing they felt no other choice was left but to merge with Saudi-backed LIV Golf in order for the tour to survive. “The PGA Tour is not that big in terms of players,” PGA Tour board member Jimmy Dunne said during sworn testimony Tuesday before the U.S. …

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PGA Tour-LIV Golf Tie-Up Under US Senate Panel Scanner Over Saudi Involvement
1 year, 5 months ago

PGA Tour-LIV Golf Tie-Up Under US Senate Panel Scanner Over Saudi Involvement

News 18  

Saudi Arabia’s sovereign wealth fund has agreed to invest more than $1 billion in a new commercial entity controlled by the PGA Tour, and Greg Norman will be ousted as the CEO of LIV Golf if the business deal between the Saudis and the tour is finalized, a tour executive told Congress on Tuesday. Asked by Blumenthal how much money …

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Saudi investment in PGA Tour will top $1 billion. And Norman will exit as LIV’s CEO, tour exec says
1 year, 5 months ago

Saudi investment in PGA Tour will top $1 billion. And Norman will exit as LIV’s CEO, tour exec says

Associated Press  

WASHINGTON — Saudi Arabia’s sovereign wealth fund has agreed to invest more than $1 billion in a new commercial entity controlled by the PGA Tour, and Greg Norman will be ousted as the CEO of LIV Golf if the business deal between the Saudis and the tour is finalized, a tour executive told Congress on Tuesday. Asked by Blumenthal how …

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PGA Tour executives testify before Senate on deal with Saudi Arabia’s PIF
1 year, 5 months ago

PGA Tour executives testify before Senate on deal with Saudi Arabia’s PIF

New York Times  

PGA Tour chief operating officer Ron Price and board member Jimmy Dunne testified before the U.S. Senate Permanent Subcommittee on Investigations on Tuesday regarding its planned agreement with Saudi Arabia’s Public Investment Fund. Dunne said in response to the criticism: “If any person had the remotest connection to an attack on our country or the murder of my friends, I …

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Tom Watson is the latest to want answers on the PGA Tour’s deal with Saudi backers of LIV
1 year, 6 months ago

Tom Watson is the latest to want answers on the PGA Tour’s deal with Saudi backers of LIV

Associated Press  

LOS ANGELES — Eight-time major champion Tom Watson wants answers on the PGA Tour’s new business partnership with Saudi backers of LIV Golf, asking in a letter Monday to Commissioner Jay Monahan if the deal was the only way to solve the tour’s financial hardship. That was one of several questions posed by Watson in the letter, which was obtained …

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Controversial PGA Tour Deal With Saudis Faces Scrutiny In Washington
1 year, 6 months ago

Controversial PGA Tour Deal With Saudis Faces Scrutiny In Washington

Huff Post  

LOADING ERROR LOADING PGA Tour’s controversial merger plans with Saudi-backed LIV Golf is facing scrutiny in Washington, D.C., where lawmakers are questioning the morality and safety of such an acquisition, and a federal agency is reportedly planning an investigation. The Wall Street Journal reported Thursday that the Justice Department has notified the PGA Tour, the organizer of many professional golf …

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US Congress probes PGA Tour-LIV Golf merger involving Saudi Arabia money
1 year, 6 months ago

US Congress probes PGA Tour-LIV Golf merger involving Saudi Arabia money

Firstpost  

The US Congress launched a probe Monday into the surprise merger of the PGA Tour with Saudi-backed LIV Golf, the chair of an investigative panel announced. LIV Golf was launched in October 2021 and lured top PGA Tour talent with record $25 million purses and money guarantees, bankrolled by Saudi Arabia’s Public Investment Fund. Critics said LIV was conceived by …

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Senate Launches Probe Into PGA Tour-Saudi Arabia Deal
1 year, 6 months ago

Senate Launches Probe Into PGA Tour-Saudi Arabia Deal

Huff Post  

LOADING ERROR LOADING A top senator on Monday opened the first inquiry into the controversial deal between the PGA Tour and the Saudi-backed LIV Golf, raising the alarm about “a foreign government entity assuming control over a cherished American institution.” Sen. Richard Blumenthal wrote to the heads of the two sports organizations requesting a slew of records related to the …

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Senator asks LIV Golf, PGA Tour leaders for records on merger
1 year, 6 months ago

Senator asks LIV Golf, PGA Tour leaders for records on merger

Associated Press  

WASHINGTON — The leader of a Senate subcommittee is demanding the PGA Tour and Saudi Arabia’s LIV Golf present records about negotiations that led to their new agreement and plans for what golf will look like under the arrangement. Sen. Richard Blumenthal, D-Conn., sent letters Monday to PGA Tour Commissioner Jay Monahan and LIV CEO Greg Norman spelling out the …

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PGA-Saudi LIV merger has Congress teed off. But one senator won't commit to quitting his golf money.
1 year, 6 months ago

PGA-Saudi LIV merger has Congress teed off. But one senator won't commit to quitting his golf money.

Raw Story  

Republicans and Democrats alike have been blasting the planned mega-merger this week of the PGA Tour and Saudi Arabia-backed LIV Golf. But one leading merger critic — Sen. Richard Blumenthal — wasn't so enthusiastic about discussing a recent campaign donation he received from the PGA's political action committee. RELATED ARTICLE: 'PGA is gonna get what it deserves': Condemnation of Saudi …

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PGA Tour, LIV Golf to merge: Timeline of tension, lawsuits and criticism from both sides
1 year, 6 months ago

PGA Tour, LIV Golf to merge: Timeline of tension, lawsuits and criticism from both sides

New York Times  

In a shocking turn of events, the PGA Tour, DP World Tour and LIV Golf agreed to merge under common ownership “to unify the game of golf” globally. Here’s a timeline of events spanning the start of LIV Golf to its merger with the PGA Tour: Sept. 13, 2023: Senate subcommittee issues subpoena for Saudi PIF documents U.S. That oversight …

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Biden vows ‘consequences’ for Saudis after OPEC+ cuts output
2 years, 2 months ago

Biden vows ‘consequences’ for Saudis after OPEC+ cuts output

Associated Press  

WASHINGTON — President Joe Biden said Tuesday there will be “consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis. But there will be — there will be consequences.” John Kirby, a White House National Security Council spokesman, said Biden believes “it’s time to …

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Biden reevaluating US-Saudi relationship amid Democrat anger
2 years, 2 months ago

Biden reevaluating US-Saudi relationship amid Democrat anger

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. John Kirby, the strategic communications coordinator for the National Security Council at the White …

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Democrats call on U.S. to stop selling arms to MBS for siding with 'nuclear bomb extortionist' Putin
2 years, 2 months ago

Democrats call on U.S. to stop selling arms to MBS for siding with 'nuclear bomb extortionist' Putin

Daily Mail  

Democrats in Congress are mounting a new effort to block the Biden administration from selling weapons to Saudi Arabia in return for OPEC+'s decision to significantly cut back on oil production. President Joe Biden was criticized for meeting with Saudi Crown Prince Mohammed Bin Salman in Jeddah over the summer at a time when US oil prices were causing financial …

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