Golf-US Senate issues subpoena to PIF subsidiary regarding PGA Tour deal

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

(Reuters) - The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday.

The announcement came ahead of Wednesday's hearing by the U.S. Senate Permanent Subcommittee on Investigations , which is expected to focus on PIF's investments and efforts to gain influence in the United States. Earlier this year Blumenthal had requested Greg Norman, CEO of LIV Golf, and Yasir al-Rumayyan, governor of the PIF which backs LIV, to testify before a U.S. Senate panel in July but both declined, citing scheduling conflicts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines