All articles tagged with #public investment fund
Amid LIV Golf’s uncertain future after Saudi Arabia’s Public Investment Fund pulled funding, Bryson DeChambeau says he won’t rejoin the PGA Tour this season, intends to grow his YouTube audience (with multilingual dubbing options) and play a limited schedule if LIV continues, and has floated a broader plan for golf—potentially a merger-like collaboration between the PGA Tour and DP World Tour—to unite the sport.
Graeme McDowell says LIV Golf could shed its Saudi-linked, 'nasty' narrative now that the Public Investment Fund is withdrawing funding, noting it may become more viable as a business and could downsize to survive, while focusing on LIV as a competitive golf product and acknowledging the impact on players and staff amid the uncertain future.
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.
Saudi Arabia’s Public Investment Fund will end subsidising LIV Golf after this season, prompting a strategic pivot with a new board and a plan to sell the league’s 13 teams to brands and investors amid doubts over a more than $5 billion investment; the DP World Tour signals openness to reintegrating LIV players under tighter rules, while players debate schedules, sanctions, and Ryder Cup eligibility, highlighting tensions between LIV and traditional tours.
The Wall Street Journal reports that Saudi Arabia’s Public Investment Fund will stop financing LIV Golf after this season, ending roughly $6 billion in funding that drew top players but left LIV with about $1.1 billion in losses from 2022–2024 and no merger with the PGA Tour. The league must find replacement financing amid ongoing uncertainty, while players weigh their futures and the PGA Tour signals accountability for past rule-breaking.
Paramount’s FCC filing reveals that the merged Paramount-Warner Bros. Discovery will have 38.5% of its equity owned by foreign investors, allocated to Saudi Arabia’s Public Investment Fund (15.1%), UAE’s SWF (12.8%), and Qatar Investment Authority (10.6%), with no board seats or voting rights for these investors. The company is seeking a declaratory ruling to permit indirect foreign ownership above 25% and to allow future increases up to 20% for certain non-controlling investors. The Ellison family and RedBird Capital will retain the largest stake and 100% voting power, while European regulatory approvals and potential state challenges remain in play.
LIV Golf's Mexico City event proceeded despite reports that Saudi Arabia's Public Investment Fund may withdraw funding; the league is pivoting from open-ended backing to a private-equity–driven plan—selling minority stakes in its 13 teams, boosting sponsorships, and pursuing partnerships—to survive through 2026, even as profitability remains years away. Star players like Bryson DeChambeau engaged with the media but left early with a wrist injury, while Jon Rahm offered little on the uncertainty gripping LIV's future.
Saudi Arabia's Public Investment Fund is dialing back costly global sports bets—like LIV Golf and Al-Hilal—as it implements a five-year plan to redeploy capital domestically and maximize returns, signaling a finance-over-image shift that could free funds for internal projects (potentially the 2034 World Cup) and reshape how Saudi investments influence global industries.
LIV Golf’s Mexico City broadcast briefly failed after going live, with the YouTube and U.S. streams showing technical errors before FS1 carried the event; LIV cited local power outages, though venue screens remained operational. The outage comes amid reports the Saudi-backed Public Investment Fund could pull funding, with executives described as scrambling while LIV publically downplays financial trouble. An earlier closure of the media center due to outages adds to the disruption, though it’s unclear if it’s connected.
LIV Golf CEO Scott O'Neil told staff that the 2026 season will proceed exactly as planned despite reports that the Saudi Public Investment Fund may pull its multibillion-dollar investment; the message underscores that the Mexico City event is going ahead and that the PIF's five-year strategy release mentioned no LIV, with LIV's communications not commenting on the funding questions.
Sergio Garcia said players were told at the start of 2026 that LIV Golf would run for many years and that funding remains in place at least until 2032, despite rumours the Saudi-backed venture could be ending support. The tour has posted significant losses and its long-term profitability remains uncertain, with LIV not yet commenting on the situation.
Saudi Arabia’s Public Investment Fund is reportedly preparing to pull its multi-billion-dollar investment in LIV Golf, throwing the league’s future into doubt as leadership searches for a path forward, potentially without PIF or with a slimmer budget. Executives were told they could lose their jobs, and while LIV proceeds with its Mexico City event, the organization has suffered large losses and is years from profitability. The PIF’s new five-year plan made no mention of LIV, signaling a possible strategic shift away from the league.
LIV Golf posted its Mexico City opening-round pairings as rumors about the league’s future swirl; staff reportedly remain in the dark while executives are said to be summoned to New York for talks with the Public Investment Fund, though players say they’ve heard nothing and pro‑am activities proceed as scheduled.
Saudi Arabia’s Public Investment Fund will test a revised 2026–2030 investment strategy at its Private Sector Forum, seeking private-sector funding to sustain its giga‑projects while signaling up to a 15% cut to capital expenditure. The plan, shaped by investor feedback, prioritizes Expo 2030 and the 2034 World Cup, with projects like Neom and the Mukaab under reprioritisation and tighter financial scrutiny as oil prices and liquidity tighten.
Saudi Arabia’s NEOM has formed a new chief-of-staff division of five senior executives, led by Mazen Alfuraih, to bolster governance and state engagement as the $1 trillion project faces cost overruns, delays, and layoffs. The move appears aimed at tightening control under CEO Aiman al-Mudaifer amid a broader strategic review that could shrink NEOM’s ambitions, even as work continues on other components like The Line, Trojena, and Oxagon.