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The Latest Breaking News from the Public Investment Fund

Fresh allegations bring renewed scrutiny on Saudi state involvement in Newcastle takeover

Leaked WhatsApp messages appear to contradict the ‘legally binding assurances’ of separation between the Public Investment Fund and the Saudi state

The Independent UK

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

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

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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

'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

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

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

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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

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.

Top News

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 Guardian - UK

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 Independent UK

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 Guardian - UK

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.

USA Today Sports Media Group

Xander Schauffele hits out at LIV Golf and PGA Tour after merger issues arise

Xander Schauffele addressed the newly announced alliance between the PGA Tour, the Public Investment Fund of Saudi Arabia and LIV Golf, calling for 'transparency'

Daily Mirror

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Liverpool Echo

‘I don’t understand it’ - Former Liverpool striker slams Ruben Neves after Saudi Pro League move

The Saudi Pro League - backed by the Public Investment Fund - have emerged as rivals to Premier League clubs in the transfer market

Daily Mirror

Adam Scott makes "emotional" admission after being "left in dark" over LIV Golf merger

Adam Scott is the latest star to admit he was unaware of the PGA Tour's plans to join forces with the Public Investment Fund of Saudi Arabia and rivals LIV Golf

The New Daily

PGA chief: Saudi cash meant there was no chance of us resisting rebel LIV

Jay Monahan has admitted that the sheer volume of Saudi cash made the feud with the rebel LIV competition unwinnable.

USA Today Sports Media Group

Report: Jay Monahan told PGA Tour employees it couldn’t afford legal battle with Saudi Arabia

Monahan reportedly said the Tour had spent $50 million in legal fees and $100 million to pay increased purses.

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Golf Monthly

Why Did The PGA Tour Merge With The Public Investment Fund?

We look at the reasons why the PGA Tour and the Saudi PIF have now decided to operate together

The Independent UK

Rory McIlroy a strong anti-Saudi voice that now feels like 'sacrificial lamb' amid LIV Golf merger

Rory McIlroy says the PGA Tour's collaboration with Saudi Arabia's wealth fund makes him feel like a sacrificial lamb

Daily Mirror

PGA letter to players in full confirming merge with Saudi-backed LIV Golf

PGA Tour commissioner Jay Monahan's letter to players following the announcement of a merger with Saudi-backed LIV Golf has been released online

Daily Mirror

Newcastle's owners 'providing funds' for Lionel Messi and Karim Benzema transfer chases

The Saudi Pro League is launching a bid to bring in several superstars to join Cristiano Ronaldo in the Middle East, with the money coming from Newcastle's owners the Public Investment Fund

ABC News

LIV Golf coincides with 'egregious' abuses in Saudi Arabia, Human Rights Watch warns

As South Australia prepares to host the Saudi-backed LIV Golf, a human rights watchdog condemns the tournament as a blatant example of "sportswashing" amid a period of "egregious" human rights abuses.

Fortune

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Asharq Al-Awsat

SALIC Supplies 1.2 Million Tons of Strategic Commodities in 2022

The Saudi Agricultural Investment and Livestock Production Company (SALIC), which is fully owned by the Public Investment Fund, announced on Tuesday that it has completed the supply of more than 1.2 million tons of strategic commodities in 2022. According to a statement, SALIC said it directly supplied 720,000 tons of…

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