Saudi cash flow falters, threatening sports and gaming bets
TL;DR
A podcast discussion argues that Saudi Arabia’s Public Investment Fund funding of LIV Golf, videogaming ventures, and other entertainment properties is faltering, risking major assets and soft-power aims as divestments ripple through sports and the gaming industry, with concerns about authenticity, profitability, and potential deal disruptions (e.g., EA) if the money dries up.
- Suddenly, Saudi (Money Is Drying Up) Aftermath
- Saudi Arabia Pulls Funding From LIV Golf. Its Star Players Face a Painful Road Back. WSJ
- Will LIV players come back to the PGA Tour? Nobody knows, though some say paths should exist Yahoo Sports
- LIV Golf Announces Strategic Board Appointments and Expanded Strategy LIV Golf
- Can LIV Golf work without the Saudi billions? Sports investors predict a ‘free fall’ - The Athletic The New York Times
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