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The Latest Breaking News from PIF

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

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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

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

Golf Monthly

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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.

Fortune

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.

Sports Illustrated

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...

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

Golf Monthly

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.

Sports Illustrated

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 Independent UK

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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

Golf Monthly

'I'm Glad I Was Wrong. I Can Admit When I'm Wrong And That Was One I Did Get Wrong' - Rory McIlroy Retracts Desire For PGA Tour/PIF Deal

The six-time Major winner admitted he was "wrong" to call for a merger between the PGA Tour and Saudi PIF while reacting to LIV Golf losing its funding source

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Sports Illustrated

At LIV Golf Virginia, the Show Goes On ... for Now

Bryson DeChambeau and his fellow LIV golfers kicked off their event with music blaring, writes Bob Harig, but the happy scene on the ground wasn’t enough to mask the uncertainty ahead.

The Independent UK

Bryson DeChambeau explains what it would take for him to rejoin PGA Tour

DeChambeau is considering his future amid doubts over the lifespan of LIV Golf without Saudi funding

Golf Monthly

Bryson DeChambeau Says The PGA Tour 'Isn't Doing Great Either' Amid LIV Golf Uncertainty

The Crushers GC captain feels it's not just LIV Golf that needs to look at its business model following the Saudi PIF's withdrawal of funding

Golf Monthly

'I Don't See Many Ways Out' - Jon Rahm Discusses LIV Contract Amid Reports Of Players Exploring Options

Jon Rahm was asked about the chances of him exploring an early exit from LIV Golf, with the Spaniard's contract reportedly running until the end of 2027

The Independent UK

Bryson DeChambeau confirms plan if LIV Golf fails

LIV’s future beyond this season is uncertain after Saudi Arabia’s Public Investment Fund announced they were withdrawing their funding

Sports Illustrated

Bryson DeChambeau Is Considering One Surprise Option for His Next Move

The two-time U.S. Open champion said he has talked to the PGA Tour about broader solutions and that he only will play where he is wanted.

Sports Illustrated

Graeme McDowell Hopes LIV Golf Can Shift a ‘Nasty’ Narrative

The 2010 U.S. Open champion said he regretted "growing the game" discussions from early in his LIV years and that joining was "good for my bank account."

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