US Justice Department investigating Saudi LIV Golf-PGA Tour merger: reports
The revelation follows action taken by some members of Congress in response to the Saudi sovereign wealth fund-backed golf league’s deal with the US-based PGA Tour.
The US Department of Justice is looking into the merger between the Saudi-funded LIV Golf and the PGA Tour, two outlets reported on Thursday, following congressional action against the deal.
The Wall Street Journal reported that the Department of Justice has informed the PGA Tour that it will review the planned merger with the Saudi Public Investment Fund and its LIV Golf league for potential antitrust violations. The Associated Press reported that the Justice Department has already begun looking at the deal for antitrust-related issues.
The Department of Justice did not respond to Al-Monitor’s request for comment.
Background: The PGA Tour announced earlier this month it would form a new entity with the Saudi Public Investment Fund’s golf assets and the Dubai-based DP World Tour. The fund backs the LIV Golf competition that launched last year as a rival to the PGA Tour.
