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The Latest Breaking News from PIF

Exclusive: PGA Tour narrows list of potential investors to five, including powerful ‘friends of golf’

From more than a dozen initial suitors, this list of five groups remain in the mix to be the primary investment partner.

USA Today Sports Media Group

Clownish populist Infantino is complicit in Saudi Arabia’s colonisation of football

Gulf state’s land grab for 2034 World Cup is yet another example of cartoonish Fifa overlord putting self-interest before football

The Guardian - UK

NZ PM Luxon unlikely for Pacific Islands Forum

Incoming New Zealand Prime Minister Chris Luxon says he won't be able to form a government in time to attend next week's Pacific Islands Forum.

AAP

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Davis Love III Says ‘Nothing Is Going To Happen Really Fast’ In PGA Tour/PIF Deal

Per Golfweek, the 21-time PGA Tour winner isn't expecting a deal to be agreed before the end of the year

Golf Monthly

‘I don’t see any way’: Davis Love III says PGA Tour deal with Saudi Arabia’s PIF unlikely to hit deadline

"The only thing I do know is nothing is going to happen really fast,” Love said of the agreement announced in June.

USA Today Sports Media Group

Elite cycling the target of Saudi-backed Champions League-style calendar

Professional cycling could be on the verge of a LIV Golf moment after Saudi Arabia’s PIF was linked to a wholesale restructure of the European calendar

The Guardian - UK

Fans, Donald Trump, the players and more winners and losers from LIV Golf’s second year

In 2023 the players and fans were both winners and losers.

USA Today Sports Media Group

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Saudi crown prince Mohammed bin Salman’s 2030 growth plan bears fruit as Hyundai inks deal to join Lucid as next carmaker in the Gulf

As the IEA predicts global demand for transport fuels will peak in 2026, the Saudi monarchy is in a race to diversify its economy by the end of the decade.

Fortune

Report: PGA Tour evaluating alternative sources of capital beyond current framework agreement with PIF

“We put in a bid. It’s one of the great sports. I love it. You know, I think we could add to it what we’ve added to all of our sports."

USA Today Sports Media Group

Saudi Arabia formally informs FIFA of wish to host 2034 World Cup

The Saudi Arabian football federation said it “submitted a letter of intent and signed declaration to FIFA to bid” in a vote that is open only to members of the Asian and Oceania football governing bodies.

The Hindu

Golf gone wild? Ryder Cup, PGA Tour stories show golf might be missing a little civility

The new adage might be that golf is a five-letter word. And that word is chaos.

USA Today Sports Media Group

Newcastle’s quest to become northern powerhouse gathers momentum

Eddie Howe’s side’s thrilling win over Paris Saint-Germain gave Saudi Arabian owners bragging rights over Qatari counterparts

The Guardian - UK

Business of Football: Mahomes Contract Restructure, New NFL Ownership Committee

Our latest business column touches on the money the game’s top player brings in, the way teams will be sold in the future and more.

Sports Illustrated

Are LIV golfers playing in the Ryder Cup?

The controversial 54-hole circuit has shaken up the world of golf since its first event in June 2022

The Independent UK

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Fortune

Mohammed bin Salman to keep oil prices high to spur growth—'I’m trying to get Saudi Arabia back on the right track'

The pragmatic crown prince wants to lure manufacturing to the country and more star athletes like Cristiano Ronaldo to the football league.

Zenger

Jared Kushner’s Private Equity Firm Could Retain Controversial Saudi Funding

Kushner's Saudi Investment May Continue Despite Trump's Potential Reelection.

The Independent UK

MBS says Saudi Arabia will keep investments with Jared Kushner fund if Trump is re-elected

Saudi Crown Prince led $2bn investment in Jared Kushner’s private equity firm

The Guardian - UK

Asian Football Confederation may be sued for allowing multi-club ownership

The Asian Football Confederation (AFC) is facing a potential legal challenge after seemingly ignoring its own regulations on multi-club ownership to allow three clubs owned by Saudi Arabia’s Public Investment Fund (PIF) to take part in the Asian Champions League

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The Guardian - US

Senate subpoenas Saudi’s $700bn sovereign wealth fund over US dealings

Chamber’s investigations committee is targeting the PIF after it refused to voluntarily comply with requests for disclosure

USA Today Sports Media Group

Congressional probe digging deeper on LIV Golf fund poses questions about American investments

Disclosures show that PIF’s public U.S. holdings have increased from $2.3 billion in March 2019 to $35.5 billion in March 2023.

Al Jazeera

‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

Brazil and Saudi Arabia have long been economic partners, but the two are pushing to deepen trade and investment.

The Guardian - US

How would Lionel Messi fare in the Premier League?

In an extract from his weekly newsletter, Jonathan Wilson answers your questions on hypothetical transfers, James Maddison and attack v defence

USA Today Sports Media Group

Senate to examine pending PGA Tour deal, Saudi Arabian PIF’s investments in U.S.

PIF Governor Yasir Al-Rumayyan once again denied a request to testify before the subcommittee.

The Independent UK

European football is ignorant to the march of the Saudi Pro League

Saudi sides in the Uefa Champions League is a progression some are already expecting to emerge - at least as a conversation or bargaining chip

The Independent UK

Only Premier League clubs spent more on transfers than Saudi Pro League sides

The Saudi-Pro League spent more than all but one of Europe’s top leagues

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