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Senate subcommittee subpoenas U.S. arm of Saudi PIF over LIV Golf

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Saudi Arabian involvement in American business endeavors, particularly in the world of sports, has drawn the eye of a congressional investigative subcommittee. After several months of investigation and inquiry without testimony from officials involved in Saudi Arabia's Public Investment Fund, Congress is flexing muscle in search of answers.

The Senate Permanent Subcommittee on Investigations held its latest hearing Wednesday morning on the relationship between the PIF and the PGA Tour, among other sports entities. Prior to the hearing, Sen. Richard Blumenthal, the chair of the subcommittee, announced that he would be issuing a subpoena to one of the PIF's U.S.-based subsidiaries seeking"documents related to PIF’s takeover of American golf and other investments throughout the United States.

The subcommittee had sought the testimony of PIF governor Yasir Al-Rumayyan and LIV Golf CEO at a July hearing, but both declined to attend, citing scheduling conflicts.

 

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