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PGA Tour to Senate: We faced an existential threat that LIV Golf would take over professional golf

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LIV Golf was on a path to become the leader of professional golf around the world and, in the process, could have operated it for the benefit of the Kingdom of Saudi Arabia. That is why the PGA Tour entered into a financial agreement with the Saudi Public Investment Fund, acting PGA Tour co-commissioner Ron Price said Tuesday before a congressional committee investigating the merger of the two competing tours.

"We faced a real threat that LIV Golf, which is 100-percent financed by the Kingdom of Saudi, would become the leader of professional golf," Price said.entered a new phase Tuesday morning as members of the Tour's leadership testified before a congressional committee investigating the merger.

Sens. Richard Blumenthal and Ron Johnson initially called the hearing, inviting PGA Tour commissioner Jay Monahan, PIF governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman to attend. However, Al-Rumayyan and Norman declined, citing schedule conflicts, and Monahan continues to recover from health issues which forced him to step away from the Tour last month.

"Instead of accepting this amount of money — call it an investment, call it financing from the Saudi Sovereign Wealth Fund — did you explore other sources of potential investment?" Blumenthal asked Price.

 

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