![]() Your CNN account Log in to your CNN account The US-based PGA Tour said the merger would “unify the game” and all pending litigation between the tours would be dropped under the new agreement. The merger between LIV Golf, PGA Tour and the European DP World Tour shocked fans and players alike. organization complicit - and force American golfers and their fans to join this complicity – in the Saudi regime’s latest attempt to sanitize its abuses by pouring funds into major sports leagues.”Įarlier this week, the US Senate also opened an investigation into the merger, citing “PIF’s role as an arm of the Saudi government.” In a letter to the DOJ, Democratic Senators Elizabeth Warren and Ron Wyden wrote that “the PGA-LIV deal would make a U.S. The Justice Department had previously opened an investigation into the PGA Tour due to its battle with LIV Golf. “We are confident that once all stakeholders learn more about how the PGA TOUR will lead this new venture, they will understand how it benefits our players, fans, and sport while protecting the American institution of golf,” the PGA Tour said in a statement to CNN on Thursday. The reported DOJ probe into the surprise partnership casts doubt over the new, as yet unnamed joint commercial enterprise between the organizations and the Europe-based DP World Tour. The Department of Justice has reportedly notified the PGA Tour that its deal is under review for antitrust concerns, according to a report in the Wall Street Journal citing people familiar with the matter. The surprise deal this month between the PGA Tour and LIV Golf, competing tours locked in a legal battle before the merger announcement, has faced growing opposition from lawmakers. Bin Salman has denied being involved with Khashoggi’s murder. A US intelligence report named Bin Salman as responsible for executing the operation that led to the murder of journalist Jamal Khashoggi in 2018. The PIF, the Saudi sovereign wealth fund, is chaired by Mohammed bin Salman, the Crown Prince of Saudi Arabia. The PGA Tour and LIV Golf did not immediately respond to CNN’s request for comment. Wyden also said he intends to introduce legislation to revoke the Saudi PIF’s special tax exemption, which applies to certain foreign investment funds and governments. “The PGA Tour’s involvement with PIF 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 said in a statement. The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV Golf and assess what the deal means for national security. ![]() Earlier this week, the Bud Light beer brand ceded its title as the best-selling beer brand in the US to Modelo Especial beer, after the beer brand's sales dropped by 23% in May, according to data compiled by consumer-behavior research firm Circana and shared with Insider.The backlash to the proposed merger between the PGA Tour and LIV Golf intensified as Senate Finance Committee Chairman Ron Wyden, D-Oregon, opened an investigation into the deal on Thursday. Since April 1, when Mulvaney posted the video, fallout from the backlash has plagued the brand: Bud Light executives have been placed on leave employees and distributors have reported incidents of harassment from customers and lost sales and the anti-LGBTQ+ backlash has spread to other brands.Ī decline in Bud Light sales has persisted. ![]() ![]() In the video, Mulvaney, 26, talked about a March Madness contest sponsored by Bud Light, and how she was celebrating her "day 365 of womanhood." She said the beer cans, including the one which featured a custom design of her face, had been sent to her from the brand to celebrate her one year of transitioning. The statement follows months-long backlash the Bud Light brand has faced from some conservatives since it partnered with transgender influencer Dylan Mulvaney on a promotion that featured a custom Bud Light beer can featuring Mulvaney's face, which was given to her but never sold in stores. Account icon An icon in the shape of a person's head and shoulders. ![]()
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