Finance Committee Chairman Sen. Ron Wyden says the merger “raises significant questions about whether organizations that tie themselves to an authoritarian regime” should enjoy U.S. tax exempt status.
to PGA top leadership, Finance Committee Chairman Sen. Ron Wyden is expressing “serious concern” over the relationship between America’s premier golf league and the Saudi Public Investment Fund—the big bucks behind the fledgling foreign circuit. He said it “raises significant questions about whether organizations that tie themselves to an authoritarian regime that has continually undermined the rule of law should continue to enjoy tax-exempt status in the United States.
” Wyden points out the PGA’s sudden pivot in position when it previously denounced Saudi Arabia’s “gross violations of human rights” and attempts to “invest in sports as a way of cleansing its reputation.” “I have serious questions about any compensation arrangements… intended to personally and financially benefit the already lavishly-compensated officers and employees of PGA Tour,” Wyden wrote. His letter demands the PGA answer 21 multi-part questions on the merger by June 23.
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