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The Latest Breaking News from PIF

Saudi Wealth Fund Pushes for Closer Ties with Asia

The $700 billion Saudi PFI is thinking of opening offices on the Chinese mainland and India, its governor said during a Hong Kong summit

Caixin Global

Jon Rahm’s LIV defection would be the ultimate Saudi power play before pivotal PGA Tour talks

Speculation is rife that the world No 3 is about to ditch the PGA Tour for LIV Golf – seismic news ahead of crucial negotiations for the future of golf

The Independent UK

Rocco Forte sells 49% of luxury hotel chain to Saudi Arabia

Deal is thought to value the owner of the Balmoral and Brown’s hotels at about £1.2bn

The Guardian - UK

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Lynch: A Jon Rahm leap to LIV will force a messy, make-or-break moment for PGA Tour and its top stars

LIV has a finite amount of time to succeed, which is why a get like Rahm is appealing to the point of necessity.

USA Today Sports Media Group

Tiger Woods, PGA Tour Player Directors address ‘speculation in our game’ in memo to membership

Monahan said a potential agreement with PIF may include at least one additional co-investor.

USA Today Sports Media Group

With rumors flying that Jon Rahm could leave for LIV, new PGA Tour board members Tiger Woods and Jordan Spieth weigh in

"Jon Rahm is one of the biggest assets that we have on the PGA Tour.”

USA Today Sports Media Group

PGA Tour commissioner Jay Monahan to meet with Saudi Arabia’s PIF governor, confirms ‘firm target’ of Dec. 31 for deal

“The PGA Tour is going to be in a position where the athletes are owners in their sport,” Monahan said.

USA Today Sports Media Group

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'There’s No Unity Or Path Forward With Him Involved' - Mickelson Calls For PGA Tour Boss Monahan To Go

Phil Mickelson has taken to social media again, and this time to call for PGA Tour commissioner Jay Monahan to leave his post

Golf Monthly

Jay Monahan Reveals Crunch PIF Talks But 'Multiple Parties' Still Involved As He Also Lifts The Lid On His Mental Health Issues

Jay Monahan will meet PIF boss Yasir Al-Rumayyan but says 'multiple parties' are still in talks over investing in the PGA Tour, while also lifting the lid on his own mental health issues

Golf Monthly

Saudi wealth fund to buy 10% Heathrow stake for almost £1bn

The Saudi Public Investment Fund said it would “support the business as a long-term partner.”

Evening Standard

'He's Spending Most Of His Waking Hours Thinking About How To Better The PGA Tour For The Players' - Spieth Praises Woods Policy Board Impact

Jordan Spieth has praised the influence of Tiger Woods as negotiations between the PGA Tour and the PIF continue

Golf Monthly

‘It Can’t Happen And It Won’t Happen Again’ – Tiger Woods 'Very Frustrated' By PGA Tour/PIF Merger

Woods has expressed frustration at the secretive way the PGA Tour's negotiations with the PIF were conducted

Golf Monthly

Surprised and frustrated: Tiger Woods details his reaction to PGA Tour, Public Investment Fund’s framework agreement

Woods discussed his role on the PGA Tour Policy Board and his initial reaction to the shocking news on June 6.

USA Today Sports Media Group

Golf’s future still unclear but Tiger Woods remains the draw who will not fade

The 15-time major winner returns to action next week but it is his off-course influence which is almost as eagerly anticipated

The Guardian - UK

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Golf Monthly

Men's Professional Golf Is Broken... But Is It Fixable?

The men's pro game finds itself in an extraordinary tangle as we await details of the PIF/LIV/PGA Tour/DP World Tour 'framework agreement'

FourFourTwo

'The Newcastle United law' is REJECTED, meaning the Magpies can sign Saudi Pro League stars this winter

Newcastle United and others are free to loan players between affiliated teams, following a controversial vote over the transfer window this winter

Fortune

Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?

With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.

USA Today Sports Media Group

Lanto Griffin pulls no punches as Rory McIlroy leaves PGA Tour Policy Board, but who should replace him?

This veteran pro golfer has strong opinions about who should succeed McIlroy.

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Kiplinger

Would You Benefit From a Split Interest Income Trust?

If you have a high income, are selling appreciated assets or won the lottery, a split interest income trust could be a boon to you and a designated charity.

Golf Monthly

Rory McIlroy Resigns From PGA Tour Board

The World No.2 has stepped down from the PGA Tour's board amid the negotiations with the Saudi Arabian Public Investment Fund

USA Today Sports Media Group

Report: NBA Commissioner Adam Silver ‘not interested’ in running PGA Tour-Saudi PIF’s new commercial entity

Looks like NBA Commissioner Adam Silver won’t be trading basketballs for golf balls.

Golf Monthly

PGA Tour Reveals 'Dozens' Of Potential Investors But Focus Remains On PIF Deal

In a memo sent to players, Tour commissioner Jay Monahan reaffirmed the PGA Tour's desire to agree a deal with Saudi Arabia's Public Investment Fund

USA Today Sports Media Group

PGA Tour’s Jay Monahan updated players in a memo on Monday’s final board meeting of 2023. Here’s what it said

The commish gave an update on negotiations with PIF and the DP World Tour.

The Guardian - AU

Australia to offer residency to Tuvalu citizens displaced by climate change

Anthony Albanese announces immigration plan with special visa category for people affected by rising sea levels in the vulnerable Pacific island nation

AAP

Nauru walkout stuns Pacific summit before landmark deal

Nauru President David Adeang says he isn't pulling his country from the Pacific Islands Forum, while Australia will offer resettlement to Tuvalu residents.

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