"Saudi Threats: Golf Advisors and Consulting Firms Face Legal Pressure"

Advisors for LIV Golf informed a U.S. Senate committee that they are unable to fully cooperate with the investigation into the proposed PGA Tour-LIV Golf merger due to a lawsuit filed by Saudi Arabia's Public Investment Fund (PIF), which has threatened them with imprisonment for up to 20 years if they violate the court order. The advisors, including representatives from top U.S.-based firms, expressed concerns about the potential consequences of disclosing information and faced criticism from lawmakers for not fully complying with the congressional subpoena. The situation highlights the complexities and challenges of a U.S. sports league partnering with a foreign government-owned entity, raising questions about the future of the proposed merger.