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MONEY TALKS
PGA Tour officials said a merger with LIV was the only option. In a Senate hearing yesterday, PGA Tour board member Jimmy Dunne told lawmakers that his league had no choice but to link up with Saudi-backed LIV Golf because the Saudis “have an unlimited horizon and an unlimited amount of money” that the PGA Tour couldn’t compete with.
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Sympathetic Republican Sen. Ron Johnson pointed out that LIV has 500x the financial resources as the PGA Tour, but Democratic Sen. Richard Blumenthal criticized the PGA Tour for compromising its values for money. The DOJ is investigating the PGA–LIV deal over antitrust concerns, Blumenthal said.
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S: Morning Brew