Sen. Richard Blumenthal (D-Conn.) will proceed his examination of Saudi Arabia’s transfer into skilled golf and different U.S.-based investments via its Public Funding Fund, in a listening to scheduled for Wednesday in Washington D.C.
The listening to, dubbed the “PGA Tour-LIV Deal: Analyzing the Saudi Arabian Public Funding Fund’s Investments in america,” follows an analogous listening to in July when Tour officers have been questioned concerning the circuit’s framework settlement with the PIF.
Wednesday’s listening to will characteristic testimony from Benjamin Freeman, the director of the Democratizing International Coverage Program on the Quincy Institute for Accountable Statecraft; Brian Murphy, the managing director of Logically AI Inc.; and Joey Shea with Human Rights Watch.
No officers from the Tour, the PIF or LIV Golf are scheduled to testify on the listening to.
PIF governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman have been requested to testify on the listening to in July however cited scheduling conflicts and didn’t attend. Final month, Blumenthal despatched one other request to the PIF for Al-Rumayyan to testify earlier than the everlasting subcommittee on investigations.
In response to Blumenthal’s workplace, the PIF’s U.S. public holdings have elevated from roughly $2.5 billion in 2018 to over $35 billion, together with at the least $2 billion invested in LIV Golf, in keeping with courtroom filings.
