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: Rumayyan, Yasir al-
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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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The PGA Tour and LIV Golf Merger, Explained
The announced deal to dramatically change golf is far from complete.
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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.”