The kingdom’s enormous sovereign wealth fund, which backed the golf series, has an appetite for sports. Its deal with the PGA Tour may pave the way for more investments.
Tag: LIV Golf
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What Is the Saudi Sovereign Wealth Fund?
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
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In Reprieve for PGA Tour, Rory McIlroy Backs Saudi Deal
McIlroy, however, reiterated his lingering opposition to LIV Golf, saying: “I still hate LIV. I hate them. I hope it goes away.”
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Saudi Arabia’s LIV Golf Deal Is a Triumph That Transcends Sports
The deal to merge LIV Golf with the PGA Tour is a big win for the oil-rich kingdom, headlining a banner week that also includes a visit from the American secretary of state.
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PGA Tour-LIV Golf Deal Bolsters Saudi Arabia’s Global Ambitions
An agreement to merge LIV Golf with the PGA Tour is the latest step in the kingdom’s push to become a global force beyond oil.