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The Latest Breaking News from Public Investment Fund

LIV and let die: golf rebels count cost of Saudi cutbacks and other sports fear worst

Public Investment Fund withdraws support for rebel tour and other sports could be hit too with Newcastle United uncertain

The Guardian - UK

Is LIV Golf shutting down? Everything we know as funding ‘set to be pulled’

LIV Golf’s next event, in Mexico, is set to go ahead of Thursday amid reports that the breakaway Saudi-backed league is set to have its funding pulled

The Independent UK

Savvy Games Group Moonton Bought By Bytedance for $6 Billion: What's Next for Mobile Legends: Bang Bang?

Savvy Games Group, backed by Saudi Arabia's Public Investment Fund, acquires Moonton, the studio behind Mobile Legends: Bang Bang, for £4.5 billion, marking a significant expansion in the gaming industry

International Business Times UK

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Cristiano Ronaldo returns to Al-Nassr training but warned by Saudi Pro League after PIF row

Ronaldo, who is paid around £500,000 per day, was absent for Al-Nassr’s Saudi Pro League clash against Al-Riyadh on Monday after taking issue with the Saudi Public Investment Fund’s running of the club

The Independent UK

NVIDIA and HUMAIN to Power 'AI Factories of the Future' in Saudi Arabia with Strategic Tech Alliance

NVIDIA, a global leader in AI computing infrastructure, and HUMAIN, the newly formed AI arm of Saudi Arabia's Public Investment Fund, have announced a significant strategic partnership.

International Business Times UK

Women’s Golf Stars See Saudi Arabia PIF-Ladies European Tour Deal As Positive

Saudi Arabia’s Public Investment Fund, the bankroller of LIV Golf, announced a deal with the Ladies European Tour for a five-event series with a combined purse of $13 million.

Sports Illustrated

Report: PGA Tour Declines Saudi PIF Proposal, Leaving Reunification in Doubt

The Saudi Arabia Public Investment Fund wanted assurances that LIV Golf could continue in its current form but the PGA Tour declined.

Sports Illustrated

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It doesn't really make sense that soccer star Ronaldo is now a Fatal Fury character, but if you follow the money you can see how it happened

What do a Portuguese soccer player and a Japanese fighting game have in common? Two words: Saudi Arabia.

PC Gamer

‘I Think We’ll Get There’ – Billionaire PGA Tour Investor Expects PGA Tour/PIF To Strike Deal

The Strategic Sports Group’s Steve Cohen thinks the PGA Tour and Saudi Public Investment Fund can agree a deal on the future of the men’s elite game

Golf Monthly

Saudi wealth fund’s expansion into North American soccer raises questions

A leading human rights organization has described a sponsorship deal between Concacaf and the Saudi Arabia Public Investment Fund as sportswashing

The Guardian - US

Rory McIlroy hopes Trump and Musk can heal golf’s civil war

Rory McIlroy has suggested Donald Trump’s return to the White House could accelerate peace talks between golf’s key tours and Saudi Arabia’s Public Investment Fund

The Guardian - UK

Report: LIV Golf Unaffected As PIF Plans To Reduce International Investments

The governor of the Saudi Public Investment Fund has announced it is reducing its international investments, although it reportedly won’t affect LIV Golf

Golf Monthly

More than money: The geopolitics behind Saudi Arabia’s sports strategy

There’s a saying in sports journalism: “The answer to all your questions is money.” But in the case of Saudi Arabia’s massive sports investment programs during the reign of Crown Prince Mohammed Bin Salman, money is not the whole story.

The Conversation

Saudi Arabia to Increase Stake in Nintendo, Causes Share Prices to Rise

Saudi Arabia's Public Investment Fund (PIF) expressed its desire to increase its stake in Nintendo, causing the latter's shares to rise.

Player One

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Sports Illustrated

The Forgotten Third Party in the Quest to Unify Pro Golf Has Entered the Chat

The PGA Tour and LIV Golf's backer are the headliners in negotiation talks but the DP World Tour, Bob Harig writes, appears to be finally taking its seat at the table.

Golf Monthly

'I Think It's A Wonderful Opportunity For The Game To Come Together' - European Tour Chief Backs Global Golf Outcome In PIF Talks

Speaking to Sky Sports' Nick Dougherty, the European Tour Chief spoke about the negotiations between the PGA Tour and PIF, as well as the possibility of pro golf becoming more global

Sports Illustrated

A ‘Very Engaged’ Tiger Woods Hosted PGA Tour/PIF Bahamas Meeting and Played Golf With Yasir Al-Rumayyan

All six Tour player directors attended the Monday meeting, which Webb Simpson classified as friendly in learning about the Public Investment Fund’s intentions.

Golf Monthly

Tiger Woods Flies Into The Bahamas For PGA Tour Talks With Saudi PIF

Tiger Woods’ plane has arrived in the Bahamas ahead of a meeting between PGA Tour player directors and the Saudi Public Investment Fund

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International Business Times

Saudi Investment Fund PIF Buys Into Men's Tennis In 'Strategic' Deal With ATP

Saudi Arabia's Public Investment Fund (PIF) on Wednesday announced a "multi-year strategic partnership" with the ATP, the governing body of men's tennis, extending the kingdom's influence on international sport.

The Independent UK

Saudi spending won’t compromise owners’ aims for Newcastle, says Mapgies CEO

The Public Investment Fund has ploughed money into both Newcastle and the Saudi Pro League.

Golf Monthly

New PIF FII Partnership To Provide Financial Boost For Women's Game

The Aramco Team Series presented by Public Investment Fund (PIF) is set to partner with the Future Investment Initiative (FII) Institute

Daily Mirror

Saudi PIF chief makes LIV Golf intentions crystal clear in meeting with players

Yasir Al-Rumayyan discussed the future of LIV Golf in a player meeting following the Public Investment Fund of Saudi Arabia's groundbreaking deal with the PGA Tour

Daily Mirror

John McEnroe and Chris Evert slam Saudi tennis talks as Cristiano Ronaldo example used

Saudi Arabia's Public Investment Fund have been looking into pouring money into tennis, but ex-players John McEnroe and Chris Evert are not enamoured by the idea

USA Today Sports Media Group

LIV Golf captains dish on whether they’ll return to PGA Tour if Saudi partnership is passed

“I just can't envision a better scenario for me as a player than playing out here on LIV," said Phil Mickelson.

USA Today Sports Media Group

Sergio Garcia explains how he and Rory McIlroy rekindled their fractured friendship

“We talked and we had a great conversation, and I feel like I have that friend back, and that to me means a lot."

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