PGA Tour’s Deal With Saudi LIV Golf Draws Senate Panel Investigation
- Chair cites ‘significant questions’ on PGA’s tax exemption
- Also to probe national security issues, executive compensation
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Senate Finance Committee Chair Ron Wyden notified top officials with the PGA Tour that he’s opening a wide-ranging probe into the PGA’s surprise tie-up with Saudi Arabia’s Public Investment Fund.
The Senate panel’s investigation adds to widening scrutiny of the pact. The Justice Department has opened an antitrust investigation of the deal, the Wall Street Journal reported Thursday.