The PGA Tour's recent agreement with Saudi Arabia's Public Investment Fund (PIF) and the DP World Tour is under scrutiny. The Justice Department has announced its intention to review the deal for potential antitrust issues, according to reports. This marks the second such investigation into the PGA Tour in the past year.

The PGA Tour expressed confidence that stakeholders will understand the benefits of the new venture for players, fans, and the sport itself, while preserving the legacy of American golf. This partnership, announced just a year after the PGA Tour faced scrutiny for suspending players who joined the LIV Golf circuit, will combine the PIF's golf-related businesses (including LIV Golf) with the PGA Tour and DP World Tour. The PIF will also make a capital investment in the new entity.

The new entity aims to expand commercial opportunities, increase fan engagement, and accelerate growth initiatives. The agreement also resolves all pending litigation between the involved parties.

This review follows calls from lawmakers for an investigation into the merger and potential changes to the PGA Tour's tax-exempt status. Rep. John Garamendi questioned the tax implications of the deal, suggesting that the Saudi PIF might benefit from American tax breaks through the PGA Tour's charitable status.

PGA Tour Commissioner Jay Monahan clarified that the agreement is not a merger and that the PGA Tour will retain majority control, regardless of the PIF's investment size. He emphasized that the PGA Tour and its tournaments will continue their current operations and maintain their charitable and economic contributions to local communities.