Richard Blumenthal

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.

The bed was on fire when you got into it.

Our review of internal documents indicates that there are other understandings and agreements.

I will continue to support the PGA Tour. Just make no mistake--as I said before, America is on your side.

Senator Cornyn and I led the effort--it is called Justice Against Sponsors of Terrorism Act (JASTA)--to enable those families to go to court.

If we are going to be selling out to countries that can throw around hundreds of billions of dollars, we are going to lose, not just financially.

In other words, their interest was public image, sportswashing, cleansing their reputation. Correct?

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

But most corporations trust their boards of directors.

To be clear, he is out of a job.

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.

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.

We have voluntarily structured our tournaments in a way so that the net proceeds of our tournaments go to charity.

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

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…

We are here because the regime, an autocratic, repressive regime, is torturing, imprisoning, killing its own people.

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

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.

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

Congress' authority to investigate here and investigate golf comes from Article I, Section 8, of the Constitution.

What other sources of funding did you explore?

You decided to take the financing and the investment from Saudi Arabia for this new entity that would also incorporate the PGA Tour. Correct?

Thank you. Chairman Blumenthal, Ranking Member Johnson, and Members of the Subcommittee, thank you for the opportunity to testify today regarding the PGA Tour.

I would join you in a bipartisan effort to make those facts more available.