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The Latest Breaking News from PIF

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

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read the most diverse news in one place.

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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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.

Fortune

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

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

Zenger

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 Independent 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

The Guardian - UK

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

The Guardian - US

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.

USA Today Sports Media Group

‘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.

Al Jazeera

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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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news in one place.

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The Guardian - UK

Premier League clubs ask government to block nation-state ownership

Top-flight teams have asked for move to be part of new football regulator’s brief while equality, diversity and inclusion will not be central part of governance code

Al Jazeera

Al Ittihad offer Liverpool world record fee for Mohamed Salah: Report

The Sun reports that officials from the Saudi club are in the UK to make a $270m offer for the Egyptian superstar.

USA Today Sports Media Group

LIV Golf signs on high-powered D.C. lobbying firm amid congressional probe

A representative of Akin Gump said Al-Rumayyan should not be forced to take part in any future hearings.

Golf Monthly

'Total Waste Of Time' - Kevin Kisner Criticises PGA Tour 'Fight' With LIV Golf

The former PGA Tour Policy Board member has criticised the way the Tour handled the emergence of LIV Golf

Golf Monthly

When Did Golf Become All About Money?

Viktor Hovland won a staggering $32m+ in the 2022/23 PGA Tour season including his $18m FedEx Cup bonus

The Conversation

Saudi Arabia's Pro League is taking advantage of football's greed and inequality

For Liverpool supporters like me, Jordan Henderson was one of football’s good guys. He was the club captain who fundraised for the UK’s National Health Service during the COVID-19 pandemic and vocally supported Liverpool’s LGBTQ+ community.

Golf Monthly

Frustrated Tom Watson Still Waiting for PGA Tour Answers To PIF Deal Questions

Tom Watson is still waiting for the PGA Tour to answer his questions on the PIF deal, and warned they'll be "heading in the wrong direction" without more player involvement

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