Saudi Arabia's Public Investment Fund's Impact on Pro Golf Goes Beyond Sports.

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Source: MarketWatch
Saudi Arabia's Public Investment Fund's Impact on Pro Golf Goes Beyond Sports.
Photo: MarketWatch
TL;DR Summary

Golf is back on the map as a potential spot for savvy investors following the news that the Saudis have agreed to merge their LIV Golf circuit with the PGA Tour and Europe’s DP World Tour. Bill Blain, strategist at Shard Capital, notes that dedicated golf clubs are filling up again, partly by wealthy work-from-home professionals. Blain believes that the Saudis will spend billions, but could potentially reap trillions if they have called the global sporting zeitgeist correctly. Golf equipment holders Acushnet and Topgolf Callaway Brands are among the potential investment opportunities.

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