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Treasury Department Investigates Potential National Security Risks of PGA Tour-LIV Golf Merger Backed by Saudi Arabia

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Key takeaways:

  • The Saudi government has come under scrutiny after announcing a surprise deal between LIV Golf and the PGA Tour.
  • The Treasury Department has been asked to investigate whether the merger could pose national security risks.
  • The merger has sparked debate over the implications of the deal and the potential risks it could pose.

The Saudi government has come under scrutiny after announcing a surprise deal last week between LIV Golf, a Saudi-backed upstart league, and the PGA Tour, an organizer of top-level professional golf tournaments mostly in the U.S. The deal, which was proposed in part to resolve the legal fight between the two organizations, has raised concerns from the top Democrats in the Senate and the House for banking issues.

In response, the Treasury Department has been asked to investigate whether the merger could pose national security risks. The widow of Jamal Khashoggi, the Washington Post columnist whose 2018 murder fueled international outrage and embroiled Saudi Arabia’s crown prince in scandal, has spoken out on the matter.

In an interview Friday with NBC News, Hanan Elatr Khashoggi said that her late husband would agree that the people of Saudi Arabia shouldn’t be penalized because of the actions of a few. She added that her husband’s killing should not prevent the country from cutting major deals in the United States or turn it into a pariah state.

The merger between the PGA Tour and LIV Golf, which is backed by Saudi Arabia’s sovereign wealth fund, has sparked debate over the implications of the deal and the potential risks it could pose. The Treasury Department is now tasked with determining whether the deal should be allowed to go through. It remains to be seen what the outcome of the investigation will be and how it will affect the future of the deal.

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