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House Democrat calls for DOJ probe into
Saudi-backed PGA-LIV merger, details bill
ending tax benefit

Original Article

Posted By: Hazymac, 6/9/2023 7:40:00 PM

Rep. John Garamendi is demanding the Justice Department investigate the merger of the PGA Tour with Saudi-backed LIV Golf, while proposing legislation to strip the organization of its tax-exempt status. Garamendi, D-Calif., rolled out legislation this week called the "No Corporate Tax Exemption for Professional Sports Act," after what the congressman called the Saudi Sovereign Wealth Fund’s "surprise takeover" of the PGA. That legislation would end the tax loophole that the PGA Tour benefits from to avoid paying any federal corporate income tax. Garamendi, during an interview with Fox News Digital,said the PGA’s exemption, if left untouched, "will now flow to the Saudi Arabian Sovereign Wealth Fund through their acquisition of LIV."

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Reply 1 - Posted by: Italiano 6/9/2023 8:38:24 PM (No. 1488689)
But it's OK for China to control the NBA.
14 people like this.

Reply 2 - Posted by: seamusm 6/9/2023 8:41:16 PM (No. 1488691)
Dang, but finding out these 'who you know' tax exemptions chaps my arse.
3 people like this.

Reply 3 - Posted by: padiva 6/9/2023 8:49:34 PM (No. 1488694)
Trying to divert the news away from biden's bribe money, eh?
8 people like this.

Reply 4 - Posted by: Lawsy0 6/9/2023 9:24:17 PM (No. 1488709)
Take a number, take a seat. This can wait until the press and the perfumed princes in DC get through pillorying the second greatest president of my lifetime! Then you can moan and groan about hitting a tiny ball with a choice of metal sticks!! Yes, I know my favorite guy owns golf venues and plays a fair game, himself. Sheesh! It ain't like it was the NFL, or something. /s
4 people like this.

Reply 5 - Posted by: wilarrbie 6/9/2023 10:34:01 PM (No. 1488732)
How is it that the fabulously wealthy and their endeavors get tax-exempt status and become even MORE fabulously wealthy? This magic works well on certain charitable adventure-makers as well.
4 people like this.

Reply 6 - Posted by: EJKrausJr 6/9/2023 10:34:20 PM (No. 1488733)
The only surprise here is the amount of time that was expended before a Democrat tried to get a hold on Saudi $$$ through a tax bill. The hypocrisy is no surprise. The tripe for the rationale is typical Democrat shite. Garamendi shanked this one bigly.
3 people like this.

Reply 7 - Posted by: JimBob 6/10/2023 12:31:11 AM (No. 1488753)
I ask: Why do any of these big-money so-called 'TV Sports' - that is, Entertainment- companies have a tax exemption to begin with?
5 people like this.

Reply 8 - Posted by: Strike3 6/10/2023 9:46:59 AM (No. 1488925)
I like golf but the professional side is steadily developing into a woke and politically-correct money machine. The Asians are rapidly replacing golfers from the US and other countries but that's a good thing, it emphasizes the value of hard work, practice until perfection and modesty in your abilities, something most of the rest of the world has lost. When a young girl like Rose Zhang can win the trophy in her first-ever LPGA event, you know you have been outclassed and it's a great lesson in why we are losing everything to China. Every golf commercial depicts black people mixed into the player-actors and golf classes but there is not one black person on the pro tour, which tells a very revealing story in itself. Recall that Tiger Woods is half Chinese.
0 people like this.

Reply 9 - Posted by: fysammy 6/10/2023 9:59:21 AM (No. 1488934)
Fact is the PGA is broke and this was the life-line to avoid bankruptsy. The Ponte Vedra lifestyle and huge salaries and benefits for the executives, a new $33M headquarters in PV and now a huge campus under construction in Frisco TX, and the Covid setback brought them down. Remember, sponsers and donors provided the purses until recently when the PGA pitched in and raised the payoff on deignated tournaments to compete with LIV. Phil Mickelson was right!
1 person likes this.

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