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The Latest Breaking News from Public Investment Fund

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 · Oct 20, 2024

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 · Oct 8, 2024

Nintendo shares rise after Saudi Arabia says it’s open to expanding its stake in the home of Super Mario

Saudi Arabia's Public Investment Fund is open to expanding its stake in Nintendo, a senior executive told local media over the weekend.

Fortune · Oct 7, 2024

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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 · Sep 23, 2024

'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 · Sep 22, 2024

PGA Tour Says 'Progress Was Made' in Latest Talks With PIF

The Tour's transaction committee met with the Public Investment Fund of Saudi Arabia in New York on Friday as the parties continue to work toward a deal.

Sports Illustrated · Jun 8, 2024

A year after LIV Golf-PGA Tour ‘framework’ shocked the world, here’s a timeline of what’s happened

Here is a timeline of the ebbs and flows of the PGA Tour and LIV Golf when it comes to a possible merger.

USA Today Sports Media Group · May 31, 2024

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'My Role Is Utterly Superfluous' - Jimmy Dunne Resigns From PGA Tour Board

Dunne said there has been a "lack of meaningful progress" towards a deal between the PGA Tour and LIV Golf backers

Golf Monthly · May 13, 2024

Lucid Is Still Losing Money Fast: Q1 2024 Earnings Report

Lucid said it lost an $598 million (adjusted) last quarter, but secured another $1 billion from an affiliate of the Saudi Public Investment Fund.

InsideEVs · May 6, 2024

Known For Its Traditional Values, Will Baseball Be the Latest Sport Lured by Saudi Arabian Money?

Reigning NL MVP Ronald Acuña Jr. is the latest high-profile player to invest in Baseball United league

Latin Times · Apr 4, 2024

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 · Mar 20, 2024

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 · Mar 18, 2024

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 · Feb 28, 2024

Saudi Arabia's Public Investment Fund Partners With ATP

Saudi Arabia's Public Investment Fund partners with ATP, sparking discussions in tennis community and signaling new sports diplomacy efforts.

PGA Tour unveils $3bn partnership deal to reward players who resist LIV

The PGA’s funding comes via a consortium led by the owners of Liverpool FC and will benefit marquee names such as Rory McIlroy and Tiger Woods

The Independent UK · Oct 3, 2023

Champions League faces future rival as Saudi Arabia looks to transform Club World Cup

Saudi Arabia’s Public Investment Fund are looking to target the first edition of the expanded 32-team Club World Cup and help improve its prestige

The Guardian - UK · Sep 11, 2023

Saudi ‘Clasico’ drama shows promise but Pro League still work in progress

Al-Hilal’s 4-3 win over Al-Ittihad proved the big-money strategy is working, though doubts remain over attendances and depth

The Independent UK · Aug 11, 2023

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.

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Golf Monthly · Jul 13, 2023

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

USA Today Sports Media Group · Jul 7, 2023

This U.S. Senator is worried about the ‘purity’ of golf ahead of next week’s PGA Tour, PIF, LIV Golf hearings

Johnson indicated he would like to see the competitive nature of the PGA Tour remain unchanged by Saudi Arabian involvement.

Daily Mirror · Jun 30, 2023

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 · Jun 29, 2023

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 · Jun 28, 2023

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 · Jun 28, 2023

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 · Jun 27, 2023

‘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

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