The deal quickly attracted the attention of regulators and lawmakers in Washington who see potential antitrust issues at play.
Nexstar-owned CW Network to broadcast controversial LIV Golf tournaments
The tour officials came back repeatedly to what they described as a bleak reality facing the tour in its fight against a sovereign wealth fund with hundreds of billions of dollars at its disposal. Sen. Ron Johnson, R-Wisc., said questions about Saudi Arabia were legitimate but that the tour was stuck between the proverbial rock and hard place. He suggested the agreement being hammered out now could offer a win-win outcome by giving LIV a seat at the table and assuring the PGA Tour retains significant control.Blumenthal said the sheer volume of Saudi money involved is likely to erode the tour’s control, however, and that he plans to continue probing the deal.
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