Randall Stephenson’s good deed for PGA Tour and American golf | Opinion
His resignation letter was also delivered Saturday. Today, a Senate subcommittee investigating the surprise merger deal is expected to hear testimony from PGA Tour officials. The timing isn’t a coincidence.
Saudi Arabia’s Public Investment Fund, which would underwrite the merger, is undertaking a broad effort to clean up the kingdom’s international image for human rights abuses through investments in professional sports.It’s already made inroads in Formula One racing, horse racing, soccer and wrestling, among other ventures. But the PGA Tour would be, by far, its most significant get.
No doubt that’s true. And it’s hard to imagine a single pot of money that speaks as loudly as the Saudis’ $700 billion Public Investment Fund.But this still isn’t a done deal. The dotted line isn’t signed. Congress is concerned. The word “antitrust” is being thrown around.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
PGA Tour policy board member Randall Stephenson resigns over deal with LIV Golf: reportLongtime PGA Tour policy board member Randall Stephenson 'had serious concerns' over the deal with LIV Golf, according to a Washington Post report.
Leer más »
Randall Stephenson resigns from PGA Tour board, citing concerns over Saudi dealFormer AT&T Chairman Randall Stephenson resigned from the PGA Tour's policy board over concerns about the tour's proposed partnership with Saudi Arabia's...
Leer más »
AT&T ex-CEO Randall Stephenson resigns from PGA Tour board over Saudi dealRandall Stephenson retired as chairman and CEO of AT&T in June 2020. During his tenure, the Dallas-based telecommunications giant was – and remains – a major...
Leer más »
Randall Stephenson resigns from PGA Tour policy board over LIV dealFormer AT&T executive Randall Stephenson resigned his position on the PGA Tour’s influential policy board in a letter, writing that he had “serious concerns” about the tour’s controversial partnership with the Saudi Arabian Public Investment Fund.
Leer más »
Senators Ready to Grill the PGA Tour About Its Saudi DealTour board member Randall Stephenson announced his resignation just ahead of a Tuesday Senate hearing on the PGA Tour’s controversial deal with the Saudi Public Investment Fund.
Leer más »
PGA Tour policy board member resigns over partnership with LIV Golf, Saudi ArabiaA member of the PGA Tour's policy board resigned on Saturday over 'serious concerns' he has regarding the new partnership with LIV Golf and Saudi Arabia, according to The Washington Post.
Leer más »