Category: Sovereign Wealth Funds

PGA Tour and LIV Golf Look for Merger Deal Under Trump

A tie-up involving the tour and LIV Golf was stalled under President Biden. They’re aiming to forge a new agreement under President Trump.
What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained

Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
Saudi Arabia and Sports Network DAZN Close to Deal

A unit of the kingdom’s sovereign wealth fund would pay more than $1 billion to buy into DAZN, in the latest sign of its sports ambitions.
Saudi Arabia May Partner With UFC Owner TKO to Create Boxing League

A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.
Trump’s Middle East Envoy Has Prior Ties to Oil-Rich Nations There

Steve Witkoff’s involvement with two sovereign wealth funds as he bought and then sold Manhattan’s Park Lane Hotel demonstrates the conflicts his new role will present.
Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash

Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”
Kushner’s Fund Has Reaped Millions in Fees, but So Far Returned No Profits

The son-in-law of former President Donald J. Trump has said he has intentionally moved slowly to invest investors’ money, which came primarily from foreign entities.
An American Sovereign Wealth Fund? Easier Said Than Done.

Creating a U.S. investment fund to compete against those in China and the Middle East could create more problems than it would solve.
Saudi Arabia Extends Its Embrace of the World of Video Games

For struggling American video game companies, Saudi Arabia’s investments in the industry have been hard to resist. Not all gamers are happy about it.
Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence

The Middle Eastern country is creating a gigantic fund to invest in A.I. technology, potentially becoming the largest player in the hot market.
PGA Tour Raises $1.5 Billion From Group of U.S. Investors

The move, which involves the Fenway Sports Group, raises questions about whether a deal to combine forces with Saudi Arabia’s sovereign fund is still necessary.
PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal

The tentative deal for the men’s golf circuits to join forces had a Dec. 31 deadline, but significant questions remained.