Pressured by U.S., PGA Tour and Saudi Fund Drop Key Part of Golf Deal

July 13, 2023Posted inAntitrust Laws and Competition Issues, Blumenthal, Richard, Golf, Johnson, Dustin, Justice Department, LIV Golf, Monahan, Jay W (1970- ), PGA Tour Inc, Saudi Arabia, Senate, Sovereign Wealth Funds, United States
The two parties had promised not to poach each other’s players. Their decision to abandon that clause removes one of the few binding provisions of the agreement that has rocked golf.

PGA Tour Wanted Greg Norman Ousted as Part of Saudi Deal

July 11, 2023Posted inBlumenthal, Richard, DP World Tour, Golf, Herlihy, Edward D, Justice Department, Law and Legislation, LIV Golf, McIlroy, Rory, Mergers, Acquisitions and Divestitures, Monahan, Jay W (1970- ), Norman, Greg, PGA Tour Inc, Public Investment Fund (Saudi Arabia), Rumayyan, Yasir al-, Saudi Arabia, Stephenson, Randall L, United States Politics and Government, Woods, Tiger
The American circuit’s efforts were made public in documents that Congress released on Tuesday.

Other Sports Faced Congress’s Glare. Now Golf Will Get Its Turn.

July 10, 2023Posted inAntitrust Laws and Competition Issues, Athletics and Sports, Blumenthal, Richard, Clemens, Roger, Golf, Johnson, Ron (1955- ), Johnson, Ronald A, Law and Legislation, LIV Golf, Monahan, Jay W (1970- ), Nicklaus, Jack, Norman, Greg, PGA Tour Inc, Politics and Government, Public Investment Fund (Saudi Arabia), Rumayyan, Yasir al-, Senate, Stengel, Casey, Stephenson, Randall L
A Senate hearing on Tuesday is just one part of Washington’s scrutiny of the PGA Tour’s deal with Saudi Arabia’s sovereign wealth fund.

Golf’s Titanic Deal Stokes Anger on Capitol Hill

June 13, 2023Posted inAntitrust Laws and Competition Issues, Blinken, Antony J, Blumenthal, Richard, Committee on Foreign Investment in the United States (CFIUS), Foreign Investments, Golf, Justice Department, LIV Golf, Mergers, Acquisitions and Divestitures, Monahan, Jay W (1970- ), PGA Tour Inc, Rumayyan, Yasir al-, Saudi Arabia, Senate, Sovereign Wealth Funds, United States Politics and Government, Washington (DC), Wyden, Ron, Yellen, Janet L
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.

Facing Criticism, a Gambling Company and a University End Their Deal

March 29, 2023Posted inAdvertising and Marketing, American Gaming Assn, Athletics and Sports, Blumenthal, Richard, Caesars Entertainment Corporation, College Athletics, Colleges and Universities, Gambling, Louisiana State University, Michigan State University, PointsBet USA Inc, Senate, University of Colorado
The decision by PointsBet and University of Colorado Boulder came as the industry released guidelines meant to limit how sports betting is marketed on campus.

Senator Seeks Details of Schools’ Deals With Betting Companies

March 27, 2023Posted inAdvertising and Marketing, Athletics and Sports, Blumenthal, Richard, College Athletics, Colleges and Universities, Colorado, Connecticut, Gambling, Louisiana State University, Michigan, Michigan State University, Senate, University of Colorado
Senator Richard Blumenthal, asserting that gambling causes “very real harm” to students, has asked 66 colleges to provide information about their marketing relationships with sportsbooks.