PGA LIV Deal May Have Just Hit a Road Block as PGA Tour CEO Ron Price Squirms
AA US Senate panel on Tuesday was examining the PGA Tour-LIV Golf tie-up as well as Saudi involvement.
Hard questions were coming from both the Democrats and the Republicans as PGA CEO Ron Price appeared before the body.
Senator Josh Hawley @SenHawleyPress just called out PGA Tour CEO Ron Price for the PGA’s financial ties with Chinese entities and not disclosing them on their tax forms.
— Gunz (@TheGunzShow) July 11, 2023
Look at Price’s “oh crap” facial reaction knowing he’s in for it now. Someone has to follow up on this. pic.twitter.com/aGbdBBqrOp
Senator Josh Hawley questioned Price for the PGA’s financial ties with Chinese entities and not disclosing them on their tax forms.
He also mentioned an ongoing DOJ antitrust probe, which has shifted to a review of the partnership. The FTC and other regulators will likely scrutinize the deal as well.
Also testifying Tuesday before the Senate Permanent Subcommittee on Investigations, board member Jimmy Dunne.
"Today’s hearing is about much more than the game of golf," Senator Richard Blumenthal, the panel's chair, said in opening remarks. "It is about how a brutal, repressive regime can buy influence – indeed even take over – a cherished American institution simply to cleanse its public image.
"A regime that has killed journalists, jailed and tortured dissidents, fostered the war in Yemen, and supported other terrorist activities," said the senator, who spoke of a feeling of "betrayal."
PGA/LIV golf entity odds have been offered up by our friends at BetOnline.
- Don Shapiro, Gambling911.com
