Golf Channel · Jun 15, 2023
Senator issues letter to Jay Monahan questioning Saudi Arabia's ownership stake
In a sweeping, 21-point letter sent to PGA Tour commissioner Jay Monahan, Sen. Ron Wyden (D-Ore.) became the most-recent lawmaker to challenge the circuit’s recently-announced agreement with the Public Investment Fund of Saudi Arabia.
The letter, which was sent Thursday, requests more details of the deal that will create a new, for-profit entity between the Tour, the PIF, LIV Golf and the DP World Tour, including who will have ownership shares of the new company and any other provisions of the “framework” agreement.