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The Latest Breaking News from Public Investment Fund

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

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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

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.

Sports Illustrated

'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

Golf Monthly

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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.

Sports Illustrated

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

Golf Monthly

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.

International Business Times

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.

The Independent UK

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

Golf Monthly

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

Daily Mirror

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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."

The Guardian - AU

‘Sign me up’: Nick Kyrgios welcomes potential Saudi investment in tennis

Nick Kyrgios has welcomed Saudi Arabia’s interest in tennis as officials consider increased contributions from the country’s Public Investment Fund

Daily Mirror

Saudi Arabia holds talks with ATP tennis chiefs after golf and football investments

The ATP Tour's chairman has held talks with Saudi Arabia as their Public Investment Fund looks to invest in tennis with the sport's leading lights stating they must honour their traditions

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Liverpool Echo

Ruben Neves reality emerges for Liverpool after shocking conclusion to transfer

Saudi Arabia's Public Investment Fund are not messing around - they will become a pain for Liverpool and other Premier League clubs in the coming years

Daily Mirror

Newcastle United face sportswashing allegations over new £25m-a-year sponsorship deal

Saudi Arabia's Public Investment Fund (PIF) have held an 80% stake in Newcastle since October 2021, with the club continually facing allegations of being a vehicle for sportswashing

The Independent UK

Players express feelings of shock and betrayal after PGA Tour’s LIV Golf merger

The new entity will be backed by Saudi Arabia’s Public Investment Fund.

Salon

Trump and the Saudis: Does anyone care?

Trump's links to the Saudi regime and its LIV Golf tour reek of obvious corruption. Maybe Jack Smith has noticed

The Independent UK

Premier League sponsorship rules set for major test as Newcastle eye shirt deal with Saudi company

Newcastle are in talks over a £25m shirt deal with Sela, an events company with links to Saudi Arabia whose website says it is owned by the Public Investment Fund

Asharq Al-Awsat

Cruise Saudi to Participate in 30th Arabian Travel Market Exhibition in Dubai

The Cruise Saudi company, a 100% Public Investment Fund-owned business in the Kingdom, is preparing to participate in the four-day Arabian Travel Market exhibition ATM 2023 that will be held Monday at the Dubai World Trade Center.

Asharq Al-Awsat

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

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