The tentative agreement has been the talk of golf, but there is no guarantee the pact that aims to bring the tour and LIV Golf under one umbrella will overcome every threat.
Category: Public Investment Fund (Saudi Arabia)
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How Will Jay Monahan of the PGA Tour and Yasir al-Rumayyan Work Together?
The stunning golf merger announced last week has raised many questions, and one big one is how will the Saudi wealth fund boss and the tour commissioner manage to work together?
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How the PGA Tour-LIV Golf Merger Came Together
The agreement to remake a global game stunned most of the sporting world after seven weeks of clandestine negotiations.
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After LIV Golf, What Will Be the Next Saudi Sports Bet?
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.
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Messi and Benzema, Saudis and Soccer, Bread and Circuses
Soccer is the ultimate prize in Saudi Arabia’s push in sports. Karim Benzema’s signing offered a glimpse of the price tag. Lionel Messi’s rejection showed its limits.
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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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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.
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Saudi Soccer League Creates Huge Fund to Sign Global Stars
A coordinated effort financed by the kingdom’s Public Investment Fund is offering huge paydays to some of the sport’s biggest stars if they join Saudi Arabia’s best teams.
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Kushner’s Firm Was Backed by Investments From the Emirates and Qatar
The New York Times – Business:The infusion of money from interests in the two Persian Gulf monarchies reflects the close ties to Middle Eastern nations established by Jared Kushner, former President Donald Trump’s son-in-law.