Category: Sovereign Wealth Funds

LIV Golf Wants to Talk About Sports. Donald Trump Still Looms.

Whether LIV can outrun Trump’s shadow, and whether it even wants to, could do much to shape how the league is perceived in the years ahead, particularly in the United States.
Phil Mickelson Interviewed in Antitrust Inquiry Into Pro Golf

The Justice Department met with PGA Tour lawyers this week, but a timeline for the completion of its review is unclear.
With Russia’s Exit, Norway Becomes Europe’s Energy Champion

It is now the continent’s largest supplier of natural gas, and last year the country’s energy earnings jumped $100 billion.
A New Twist for the Tradition-Bound Masters: The LIV Golf Era

LIV, Saudi Arabia’s breakaway league, split men’s professional golf. Now, the drama is coming to one of the sport’s most hallowed stages.
LIV Golf Talks a Big Game to the Global Elite. Now Come the Majors.

The New York Times – Sports:
Despite setbacks, LIV’s executives insist the Saudi-backed league is soaring. For many fans, the rhetoric is less important than results at events like the Masters Tournament.
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.
Forged After a Tumultuous Era, World Golf Championships Fade in Another

The New York Times – Sports:
A match play event in Texas may be the last W.G.C. event, ending an international competition that preceded golf’s high-rolling present.
PGA Tour Can Depose Saudi Wealth Fund’s Leader, Judge Rules

The New York Times – Sports:
The decision in a case involving the LIV Golf series could open a rare window into the operations of Saudi Arabia’s Public Investment Fund.
Power to Punish LIV Golfers Faces a Legal Test in Europe

The New York Times – Sports:
An arbitration panel will meet next week to weigh whether the European Tour may penalize the men who played on the Saudi-backed circuit.
PGA Tour Seeks to Add Saudi Wealth Fund to Lawsuit Over LIV Golf

The New York Times – Sports:
A federal judge will decide whether one of the tour’s leading avenues to investigate and challenge a new rival can be expanded.
LIV Golf Series Reaches TV Deal With The CW

The New York Times – Sports:
After its debut season was relegated to internet platforms, the circuit that includes Phil Mickelson and Cameron Smith will be on the CW network in 2023.
Biden’s Ire Won’t Keep U.S. Executives From Big Saudi Summit

The New York Times – Business:
The president warned Saudi Arabia that it would face “consequences” over oil cuts. Many Americans still plan to attend its investor conference this month.