Richard Blumenthal

That is how they can be disruptive because they have a lot of money, bucketsful of money. Correct?

It is better to know what the concerns of the American people are before you are straitjacketed and locked into an agreement that may, in fact, unfairly and even illegally, bind you, your players, sponsors, and others.

I think the general feeling, and I am quoting, is that a lot of people feel a bit of betrayal from management.

The bed was on fire when you got into it.

I would argue that legally, as well as morally, they have a duty to keep their boards of directors informed.

But most corporations trust their boards of directors. In fact, they are intimately involved.

What are the other side agreements or informal understandings?

To be clear, he is out of a job.

Were any of the other independent directors on the board informed about the conversations or negotiations?

That is why we are conducting this investigation and why we will broaden it, as appropriate, to include other institutions and other repressive regimes and their potential impact on our institutions.

This effort to restrict, punish, torture, imprison, kill people who stand up for their beliefs is a growing worldwide phenomenon, and I would hope that it would unite us on a bipartisan basis.

It takes a lot to turn down a lot of money.

Again, I can only emphasize to you, Mr. Price, that your players, like Tiger Woods, gave up hundreds of millions of dollars. They stood strong. I hope the PGA Tour will as well.

But you could go elsewhere for $1 billion, $3 billion, maybe $50 billion. Correct?

If this litigation is ended and your revenue is almost $3 billion a year, why do you need the Saudis' billion dollars?

The PGA Tour brought in over $1.5 billion in revenue in 2021. Less than 3 percent of it, $43,694,020, was expensed as charitable grants.

We are a 501(c)(6) membership or trade association. Our mission is to generate economic opportunities for our players.

In 2023 we will distribute almost $1 billion to our players.

The Saudi government is the dominant owner here. It has the equity interest.

Yes, we will do it proudly. We will protect our players.

Will you commit today, Mr. Price, that the PGA Tour will not punish any members who criticize the Kingdom of Saudi Arabia or human rights anywhere, regardless of this new relationship with PIF?

You still have the choice to stand up against sportswashing, against the Saudi monarchy, against the hundreds of billions of dollars, and maybe a lot more that the Saudis will throw at you and stand up for America because America is going…

But there is something that stinks about this path that you are on right now because it is a surrender, and it is all about the money, and that is the reason for the backlash that you have seen.

I am betting--because I never want to bet against America--that America will be on your side, thick or thin.

But as you well know, antitrust law, consumer protection law, many other laws involve protection of public interests and individual interests because the public interest demands it.