Commissioner Jay Monahan told congressional members the PGA Tour was \u0022left on our own\u0022 to fend off Saudi Arabia\u0027s bid to take over with LIV.
“This left the very real prospect of another decade of expensive and distracting litigation and the PGA TOUR’s long-term existence under threat.”
Sen. Richard Blumenthal, D-Conn., the chairman of the Senate Permanent Subcommittee on Investigations, also said he wanted to hear the PGA Tour’s plan to keep tax-exempt status. “We believe that we did everything we could possibly do to defend what we stand for, including spending tens of millions of dollars to defend ourselves from litigation instigated by LIV Golf — significant funds diverted away from our core mission to benefit our players and generate charity,” Monahan said.
Monahan said the agreement was not a merger with LIV Golf, a 48-man league that has a team component and plays eight of its 14 tournaments in the United States.Article content
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