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.
Posted inDP World Tour English Premier League Foreign Investments Golf International Relations LIV Golf Mohammed bin Salman (1985- ) PGA Tour Inc Public Investment Fund (Saudi Arabia) Rumayyan, Yasir al- Saudi Arabia Saudi Aramco Sovereign Wealth Funds
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.
Posted inGolf LIV Golf McIlroy, Rory Monahan, Jay W (1970- ) PGA Tour Inc Public Investment Fund (Saudi Arabia) Rumayyan, Yasir al-
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.”
Posted inAntitrust Laws and Competition Issues Beijing Bytedance Technology Co Ltd Coinbase Inc Foreign Investments Golf internal-storyline-no LIV Golf PGA Tour Inc Public Investment Fund (Saudi Arabia) Saudi Arabia United States International Relations Venture Capital Virtual Currency
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.