Senate subpoenas Saudi wealth fund over controversial PGA-LIV golf deal

Senator Richard Blumenthal issued a subpoena to a subsidiary of the Saudi Arabian Public Investment Fund for documents related to the pending PGA Tour partnership deal and other U.S. investments.
Lawmakers have expressed concerns about Saudi influence in American golf through the controversial LIV Golf entity backed by the kingdom.
The subpoena comes after failed attempts to obtain testimony from the head of the Saudi sovereign wealth fund on the pending partnership agreement.
Critics accuse the Saudis of exploiting U.S. legal loopholes to exert soft power and spread influence through sports investments and partnerships.
The proposed PGA Tour - LIV Golf deal aims to resolve litigation and establish a new for-profit Tour subsidiary co-managed with LIV Golf.