It has been a decent few days for Yasir Al-Rumayyan, governor of PIF, the Saudi Arabian sovereign wealth fund.
PIF owns 80 percent of Newcastle United, who will play in the Champions League after securing a top four slot with a draw against Leicester on Monday night. Al-Rumayyan, the club chairman, was on the pitch in a jacket lined with black and white stripes and wearing a pair of football boots. He was understandably delighted.
As PIF owns 93 percent of LIV Golf, Al-Rumayyan - a keen player with a handicap of 12 - would also have been pleased with the outcome of the second Major of the year. On Sunday in Rochester, upstate New York, Brooks Koepka, one of LIV Golf’s poster players, won the USPGA Championship.