Current:Home > InvestTranscript: Sen. Richard Blumenthal on "Face the Nation," June 18, 2023 -Ascend Finance Compass
Transcript: Sen. Richard Blumenthal on "Face the Nation," June 18, 2023
View
Date:2025-04-14 01:40:15
The following is a transcript of an interview with former Sen. Richard Blumenthal, Democrat of Connecticut, that aired on "Face the Nation" on June 18, 2023.
ROBERT COSTA: In recent months, the world of professional golf has been divided into two camps with players forced to choose between being either part of the PGA Tour or an upstart Saudi-backed golf league known as LIV. The two leagues recently announced plans to join forces and there's been considerable backlash among some players and in Congress, due to Saudi Arabia's record of human rights abuses, and the killing of Washington Post journalist Jamal Khashoggi. Connecticut Democratic Senator Richard Blumenthal launched a Senate investigation into the merger and he joins us this morning from Bridgeport. Senator Blumenthal, thanks for being here.
SENATOR RICHARD BLUMENTHAL: Thanks for having me, Bob.
ROBERT COSTA: Senator, you've demanded more information from the PGA and LIV about how this agreement came together. Tell us, what exactly do you want?
SEN. BLUMENTHAL: The subcommittee- Permanent Subcommittee on Investigations, which I chair, is essentially trying to uncover the facts about what went into this deal, who was behind it and whether there was any improper conduct or wrongdoing and what the structure and governance will be of the entity going forward. There are very, very few details, but remember, what we have here is essentially a repressive, autocratic foreign government taking control over an iconic cherished American institution for the clear purpose of cleansing its public image. The Saudis have been very explicit that they have a strategic objective here. They've been engaged in numerous malign activities antithetical to American interests and values, killing Jamar Khashoggi (sic), as you mentioned, as well as other journalists, torturing and imprisoning dissidents and critics and supporting anti-democratic activities, even terrorist activities, like 9/11, as well as the internal war in Yemen. So there's a real risk to American interests in the Saudis taking over this American institution. We want to get to the bottom of it.
ROBERT COSTA: Well, how deep are you willing to dig? You've asked for records from the executives, do you want records from the players?
SEN. BLUMENTHAL: We welcome player cooperation, we have reason to believe that players are dissatisfied with this result. Many of them feel betrayed, as do the 9/11 families. And so we're seeking records and documents right now. I'm not going to prejudge where we're going. Obviously there are options–
ROBERT COSTA: Is a subpoena on the table, Senator Blumenthal? Is a subpoena on the table if you don't get what you want?
SEN. BLUMENTHAL: Any of the tools at our disposal, including subpoenas and hearings, recommendations for action and legislation are all on the table. We are ready and willing to seek information by whatever legal means we have to obtain it.
ROBERT COSTA: How soon could a hearing be held on Capitol Hill?
SEN. BLUMENTHAL: I think a hearing is possible within weeks. The American people deserve a clear look at the facts here. Again, not prejudging what the conclusions will be. But, what the Saudis are doing here is not taking control of a single team or hiring one player. They are, in effect, taking charge of the entire sport and it's not just a Saudi individual. It is the regime.
(CROSSTALK)
ROBERT COSTA: Is that a national security concern, Senator?
SEN. BLUMENTHAL: I think there are national security implications to this deal. Anytime there is foreign influence by a repressive regime over a central American institution, there is a security risk. And remember, this institution plays a central role in our society and culture. The players are ambassadors and role models and there are economic implications. The Travelers tournament beginning this week is going to have an economic impact on local economies here in Connecticut in the tens of millions of dollars. So there are clearly risks to American security in a repressive regime having this kind of influence over a central, iconic cherished institution.
ROBERT COSTA: When you say this kind of influence the counter has always been the claim that it's a minority stake by the Saudis. What's your response to that?
SEN. BLUMENTHAL: We still have yet to hear authoritatively what the terms of the deal are. But, reportedly, the chairmanship is going to go to the head of the Saudi public investment fund, the PIF, Yasir Al-Rumayyan, who is a close confidant of the ruling monarchy. And, so we have every reason to believe that the Saudis are taking control. And the 9/11 families feel betrayed. So do the players, and I sat with the leadership of the PGA tour just about a year ago in Cromwell, they sought to enlist me and my colleagues in supporting their efforts to bring back players from LIV. There is an ongoing antitrust investigation reportedly by the Justice Department. A lot is going on here and it should be.
ROBERT COSTA: A lot more to hear from you in the coming weeks. Senator Blumenthal, thank you very much for joining us. We appreciate it. And the PGA Tour declined our invitation for Commissioner Jay Monahan to appear on the broadcast as he's on medical leave, but they said in a statement they are quote, "confident that once all stakeholders learn more, they will understand how it benefits our players, fans and sport." We'll be back in a moment.
veryGood! (4191)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Why Jennifer Garner Doesn’t Want to See Those Ben Affleck Memes
- A climate change disaster led this shy 24-year-old from Uganda into activism
- Kentucky storm brings flooding, damage and power outages
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Inside a front-line Ukraine clinic as an alleged Russian cluster bomb strike delivers carnage
- Kristen Stewart’s Birthday Tribute From Fiancée Dylan Meyer Will Make You Believe in True Love
- Clueless Star Alicia Silverstone Reveals If Paul Rudd Is a Good Kisser
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Body found floating in Canadian river in 1975 identified as prominent U.S. businesswoman Jewell Lalla Langford
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Palestinians in occupied West Bank say Israel bombing innocent people in raid on Jenin refugee camp
- This is what the world looks like if we pass the crucial 1.5-degree climate threshold
- Gwyneth Paltrow Shares Rare Photo of Son Moses on His 17th Birthday
- Former Syrian official arrested in California who oversaw prison charged with torture
- U.N. chief calls for international police force in Haiti to break stranglehold of armed gangs
- Here's how to best prepare for winter driving — and what to keep in your car
- In a first, U.N. climate agreement could include the words 'coal' and 'fossil fuels'
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
NATO allies on Russia's border look to America for leadership as Putin seizes territory in Ukraine
Biden says he worries that cutting oil production too fast will hurt working people
Aftermath (2020)
New data highlights 'achievement gap' for students in the US
Baby Foot Is the 1 Thing You Need To Get Your Feet Sandal-Ready for Spring and It’s on Sale Right Now
Body found floating in Canadian river in 1975 identified as prominent U.S. businesswoman Jewell Lalla Langford
In Iraq's famed marshlands, climate change is upending a way of life