The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
Tag: Public Investment Fund (Saudi Arabia)
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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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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.
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PGA Tour and LIV Golf Agree to Deal to End Fight Over Sport
In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”
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Karim Benzema Joins Saudi Arabia’s Al-Ittihad
The acquisition of Benzema is part of a billion-dollar project to lure global stars to Saudi Arabia’s top league and expand the kingdom’s sports profile.