As a congressional investigation into LIV Golf and the Saudi Arabia-backed Public Investment Fund (PIF) continues to urge for testimony from the fund’s governor, a high-ranking Washington D.C. official has stepped forward in LIV Golf signs. A lobbying agency has been hired to help Yasir Al-Rumayyan avoid public speaking during LIV Golf signs.
Base from GolfWeek USA Today, according to Politico, PIF has recruited Akin Gump Strauss & Feld as the sovereign fund fights the investigation, claiming that some of the investigation is immune that is why there was LIV Golf signs.
In June, PGA Tour CEO Ron Price and board member Jimmy Dunne were sworn in at a Senate subcommittee hearing in Washington, D.C. to talk about the potential agreement between the PGA Tour, DP World Tour, and PIF which was the LIV Golf signs.
Sen. Richard Blumenthal, D-Conn., chairs the committee and has publicly criticized the agreement LIV Golf signs, which is likely to bring the two once-rival factions of golf under the same commercial banner.
According to Politico, an Akin Gump official stated that Al-Rumayyan should not be required to participate in any future sessions beacuse of the LIV Golf signs.
According to Yahoo Sports, LIV Golf Series CEO Greg Norman stands with Yasir Al-Rumayyan, Governor of the Public Investment Fund of Saudi Arabia, at the LIV Golf Series Invitational event at Rich Harvest Farms in Illinois on September 18, 2022.
The Tour, according to prior reports, issued a six-page dossier to the US. Prior to the hearing that revealed the proposed framework of the deal, the Senate Permanent Subcommittee on Investigations held a hearing. Here are some of the key points of the agreement:
The future of LIV Golf will be decided by the new entity’s board, which will be controlled by a Tour majority.
A “Communications Committee” will be formed to “help facilitate a smooth business transition” and to “coordinate and manage communications” between PIF, LIV, and the PGA Tour.