, 2023-05-11 15:50:01,
[NB: check the byline, thanks. Some of this content may be speculative. /~Rayne]
Last week Thursday, LIV Golf was mentioned in The New York Time’s article, Justice Dept. Intensifying Efforts to Determine if Trump Hid Documents. It’s the new professional golf tour funded by the Kingdom of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund.
We’ve had a little fun with the new LIV Golf tour and the game of golf in comments. We should spend a little more time on this subject if Special Counsel Jack Smith thought Trump’s LIV-related business was subpoena worthy. Three Trump golf courses — Trump National-Bedminster NJ, Trump National-Sterling VA, Trump National-Doral FL — will host three of LIV Golf tour’s 14 events this season. Trump’s Bedminster and Doral courses hosted LIV during its inaugural season.
For those who are unfamiliar with the history of LIV Golf, here’s a timeline of its history along with some key points in U.S.-Saudi and Saudi-tangential events.
1994 — Aussie pro golfer Greg Norman tried to establish an alternative tour competing with the PGA with financial assist from Rupert Murdoch.
The idea of a breakaway circuit from the PGA Tour is far from a novel idea; the PGA Tour itself came to pass after players split from the PGA of America in 1967 to form the Tournament Players Division. More recently, former World No. 1 Greg Norman and media tycoon Rupert Murdoch attempted to create a “World Golf Tour” in the mid-1990s featuring the top players competing in an eight-event series. A television contract with Murdoch’s Fox Sports was even secured. But the endeavor was squashed as then-PGA Tour Commissioner Tim Finchem flexed both the tour’s legal chops and standing in the game. Other iterations of a world tour have come and gone without much fanfare.
November 2016 — U.S. general election won by Donald Trump, Republicans take Congress.
February 3, 2017 — Using the Congressional Review Act to fast track their effort, Senate passes a joint resolution already approved by the house, disproving the Securities and Exchange Commission’s Rule 13q-1, which implemented Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Section 1504 and SEC rule 13q-1 enacted the U.S.’ participation in the EITI’s anti-corruption effort.
To read the original article from www.emptywheel.net, Click here