The Middle Eastern country is creating a gigantic fund to invest in A.I. technology, potentially becoming the largest player in the hot market.
Category: Sovereign Wealth Funds
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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.
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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.
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Saudi Arabia Is Pouring Money in Sports. Is Tennis Next?
Despite the popularity of tennis, its business has struggled.
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The Risks Hidden in Public Pension Funds
Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.
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Tiger Woods Joins PGA Tour Board in Concession to Player Demands
With the addition of Woods, players will outnumber independent directors, giving them the final say in the tour’s plan to form a partnership with Saudi Arabia’s sovereign wealth fund.
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Pressured by U.S., PGA Tour and Saudi Fund Drop Key Part of Golf Deal
The two parties had promised not to poach each other’s players. Their decision to abandon that clause removes one of the few binding provisions of the agreement that has rocked golf.
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Saudi Investors and MBS Head to Paris, Looking for Deals
A contingent from the kingdom, including its powerful crown prince, are in the French capital looking to spend big on investments.
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Golf’s Titanic Deal Stokes Anger on Capitol Hill
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.
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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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Saudi Arabia’s LIV Golf Deal Is a Triumph That Transcends Sports
The deal to merge LIV Golf with the PGA Tour is a big win for the oil-rich kingdom, headlining a banner week that also includes a visit from the American secretary of state.
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PGA Tour and LIV Golf Will Merge, Ending Battle to Control the 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.”