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The Latest Breaking News from PIF

LIV Golf Just Had a Truly Embarrassing Day

The struggling golf league returns to action this week. But the biggest storyline remains what’s going on behind the scenes.

Sports Illustrated

Saudi Arabia-backed developer seeks World Cup stadium investors, sources say

Saudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium venue. JPMorgan is managing the fundraising process for this significant project. The state-backed developer aims to free up capital for economic transformation initiatives. This stadium transaction will mirror previous pipeline deals for infrastructure funding. Private investors are being approached…

The Economic Times

Lucid Motors Denied the Bankruptcy Rumors, But That's Not Enough to Make LCID Stock a Buy

Lucid Motors has denied that it is going bankrupt or considering going private. Does that make LCID stock a buy?

Barchart

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Newcastle face sliding doors moment over Bruno Guimarães in summer of upheaval

With Saudi spending restricted and a glut of departures and arrivals, the stakes are high for Eddie Howe and his captain, amid uncertain times on Tyneside

The Guardian - UK

Lucid Motors’ Woes Run Much Deeper. Saudi Money Alone Won’t Solve Them.

Lucid Motors has been battling tepid sales and missed Q2 2026 delivery estimates. While the company has the backing of Saudi Arabia's PIF, it cannot solve its sales woes.

Barchart

Saudi PIF's governor wants the kingdom to become a global investment center

After deploying billions in capital around the world, Saudi now wants to attract global investment to the kingdom

Fortune

Saudi Aramco’s chairman calls for “energy realism”

As the world grapples with the greatest oil shock in history, Saudi Aramco's Chairman calls for "energy realism"

Fortune

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LIV Golf Now Relying On Loans To Complete 2026 Season: Report

The Money In Sport newsletter has reported LIV Golf is now operating with loans, as opposed to capital, in order to wrap up its current campaign

Golf Monthly

Learning from the right SWFs

What's not to love about a sovereign wealth fund? Gulf states' SWFs, which control roughly $6 trillion in assets, are no longer mere investment vehicles. They have become tools of statecraft, transforming kingdoms and emirates into power brokers and benefactors. Alongside splashy spending on sports and luxury retail -- Saudi…

Bangkok Post

Gulf private credit opportunities shine amid global volatility

The Gulf is no longer just a source of capital for private credit. Increasingly, it is becoming one of the industry’s most important markets.

Fortune

Scott O'Neil Staying Positive Despite LIV Golf's Latest Funding Worries - Could 'Prominent Australians' Help Save The Day?

Despite the latest LIV Golf funding worries, Scott O'Neil remains positive about new investors with Cam Smith helping to possibly bring in "prominent Australians" to help save the day

Golf Monthly

Australian investors flag interest in saving LIV Golf

LIV Golf chief executive Scott O'Neil says some prominent Australians have expressed an interest in investing in the breakaway league.

AAP

Gulf countries act as propellants for SpaceX IPO as billions flow in

Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, the people said, asking not to be identified discussing confidential information. The $580 billion Qatar Investment Authority is also likely to make a significant commitment, the people said.

The Economic Times

Saudi economy redraws ambitions—‘going local’ is the new buzz phrase

After a decade of dizzying investments, Saudi Arabia is now focused on domestic priorities.

Fortune

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Golf Monthly

Scott O’Neil Provides Update On LIV Golf Future Amid Funding Uncertainty

The LIV Golf CEO has addressed concerns that the Saudi Public Investment Fund may not provide backing for the rest of the season

Fortune

The U.S. and Europe feared the Iran conflict would curtail the Gulf's appetite for global investments. The opposite is true

The five biggest spenders–split across Saudi Arabia, the UAE and Qatar–collectively spent almost $26 billion during March, April and May.

Sports Illustrated

Bryson DeChambeau Remains Focused on LIV Golf Despite Uncertain Future

Addressing the media for the first time since missing the cut at the PGA Championship, the two-time major winner said he still believes in the team golf model.

Golf Monthly

Kevin Na Continues Post-LIV Comeback As Clark And Koepka Withdraw From PGA Tour Event: This Week In Golf

It's a busy week in the world of golf with plenty of tour action and other notable news stories...

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Golf Monthly

'We Were Surprised That They Pulled Out As Quickly As They Did' - Bryson DeChambeau On PIF Withdrawal And What Next For LIV Golf

The two-time Major champion says he is confident in LIV Golf's business model and "very optimistic" on the league's future

Sports Illustrated

Here's How Much Cash LIV Golf Says It Needs to Turn a Profit

LIV Golf is seeking new investors as PIF is expected to stop funding the league after this season.

The Independent UK

Saudi Arabia signs soccer World Cup deal and says sports investment is a priority

Saudi Arabia’s sovereign wealth fund became an “official tournament supporter” of the World Cup on Thursday and reaffirmed its commitment to invest in sports despite notable retreats from other ventures in recent months

The Independent UK

Saudi Arabia’s PIF takes on 2026 World Cup role just weeks after announcing LIV Golf funding cut

The announcement comes just weeks after Saudi Arabia’s PIF confirmed it was cutting LIV Golf funding

The Economic Times

Soccer: PIF named 2026 World Cup official tournament supporter as Saudi steps up football ambitions

Saudi Arabia's Public Investment Fund is now an official supporter for the 2026 World Cup in North America and Asia. This move strengthens the country's connection with global football. Saudi Arabia will host the 2034 World Cup. The partnership supports various football initiatives worldwide. This includes grassroots programs and youth…

Sports Illustrated

Rory McIlroy Shares Sharp Opinion on PGA Tour’s Failed Compromise With LIV Golf: ‘I’m Glad I Was Wrong’

McIlroy was once in favor of LIV Golf and the PGA Tour coming together. As he prepares to begin the PGA Championship, he said he’s happy that merger never materialized, writes Bob Harig.

The Guardian - UK

Rory McIlroy claims he knew LIV was in trouble and breakaway tour was always a ‘risk’

Rory McIlroy said he heard rumblings of impending trouble for LIV Golf weeks before Saudi Arabia’s PIF confirmed it would withdraw funding for the circuit

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