Yasir bin Othman Al-Rumayyan, governor of the $500 billion (assets) Public Investment Fund of Saudi Arabia, has 21 days to respond to the summons as the bitter professional golf power struggle boils over into geopolitics.
the PGA Tour’s request to include Al-Rumayyan and the Saudi Arabian Public Investment Fund as defendants in its lawsuit against LIV, a suit filed in response to LIV’s ongoing lawsuit against the tour for allegedly breaking federal antitrust laws in its attempt to quash LIV in its inaugural 2022 season.
Lawyers representing the PGA Tour proposed the summons against Al-Rumayyan Wednesday, shortly before lawyers for the Saudi delegation a motion to stay orders requiring the Public Investment Fund and Al-Rumayyan to comply with the court’s requests, claiming the court discovery process would “violate Saudi law.”LIV burst onto the golf scene in 2022, with billions of dollars from the Saudi investment fund helping it sign away some of the PGA Tour’s best-known golfers.
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