The panel will need to wait to speak with LIV CEO Greg Norman and Yasir Al-Rumayyan, the guv of the Saudi Arabian nationwide wealth fund behind the competing circuit.
The Senate Permanent Subcommittee on Investigations stated Ron Price, the PGA Tour’s chief running officer, and board member Jimmy Dunne have actually consented to appear July 11.
Sen. Richard Blumenthal, D-Conn., who chairs the panel, and ranking member Sen. Ron Johnson, R-Wis., stated Norman and Al-Rumayyan pointed out scheduling disputes regarding why they would not have the ability to appear.
LIV Golf is playing outdoors London today. Its next competition is not up until early August.
“We appreciate the PGA Tour working with us and look forward to a robust, thoughtful exchange with both Ron Price and Jimmy Dunne on July 11, focusing on the details and background of this deal and what it means for this cherished American institution,” Blumenthal and Johnson stated in a joint declaration.
They stated they are sorry for Al-Rumayyan and Norman’s schedules will keep them from the hearing since “they have valuable information to share about the operations of the Public Investment Fund, the future of LIV Golf, and Saudi Arabia’s plans to invest in golf and other sports.”
“Consistent with our subcommittee’s practice, we look forward to working with both witnesses to find a mutually agreeable date for them to appear in the very near future,” they stated.
PGA Tour Commissioner Jay Monahan stepped away with a “medical situation” on June 13 and turned over everyday operations to Price and Tyler Dennis, the president of the PGA Tour.
The New York Times stated LIV rather used Gary Davidson, who is acting chief running officer of LIV. It pointed out an individual knowledgeable about LIV’s thinking as stating Davidson was more associated with the league’s everyday operations and the implications of the offer.
Norman was not associated with the 7 weeks of settlements that resulted in the structure arrangement, in which the PIF, PGA Tour and European trip would pool business services and rights in a different for-profit business.
Neither was Price. The just individuals associated with the offer were Al-Rumayyan, Monahan and PGA Tour board members Dunne and Ed Herlihy.
The title of the hearing is, “The PGA-LIV Deal: Implications for the Future of Golf and Saudi Arabia’s Influence in the United States.”
Blumenthal had stated the panel wishes to learn what entered into the arrangement.
“Americans deserve to know what the structure and governance of this new entity will be,” Blumenthal stated recently in requesting the hearing. “Major actors in the deal are best positioned to provide this information, and they owe Congress — and the American people — answers in a public setting.”