A judge has declined to postpone the trial date in LIV Golf’s antitrust lawsuit against the PGA Tour, while conceding that might be inevitable if LIV owner Saudi Arabia appeals a ruling that officials with its sovereign wealth fund be required to testify.
FILE - Yasir Al-Rumayyan, left, governor of Saudi Arabia's Public Investment Fund, Majed Al-Sorour, CEO of Golf Saudi, center, and Greg Norman, CEO of LIV Golf, watch at the first tee during the second round of the Bedminster Invitational LIV Golf tournament in Bedminster, N.J., on July 30, 2022.
A federal judge declined Friday to postpone the trial date in LIV Golf’s antitrust lawsuit against the PGA Tour, even while conceding that might be inevitable if LIV owner Saudi Arabia appeals a ruling that officials with its sovereign wealth fund be required to testify. Friday’s case management hearing in the Northern District of California capped off a flurry of filings in the last week over the PGA Tour alleging the Public Investment Fund and its governor, Yasir al-Rumayyan, were more than just investors in the rival league.
Saudi Arabia’s PIF holds some $600 billion in oil profits and other assets, making it one of the largest sovereign wealth funds in the world. The PIF owns 93% of LIV Golf, according to court documents. U.S. Magistrate Susan van Keulen ruled last week that the PIF and al-Rumayyan were not exempt from providing testimony and documents under the Foreign Service Immunity Act because of an exception for commercial activity.Saudi Arabia, through its attorney, filed a separate letter with U.S. District Judge Beth Labson Freeman on Thursday, arguing that the magistrate’s order has “broad implications for Saudi Arabia beyond the instant case” and that it would file a friend-of-court appeal.
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