All articles tagged with #saudi investment
LIV Golf’s business lines up financially but its ability to run tournaments is at risk after Yasir Al-Rumayyan pulled Saudi PIF funding. A new LIV board aims to squeeze value for investors, potentially at players’ expense, while leadership comparisons to Merlin Entertainments hint at restructuring pain and looming legal battles as 2027 approaches.
Rumours that Saudi Arabia's Public Investment Fund might scale back its LIV Golf involvement have not altered Newcastle United's stance; reports say PIF remains committed to the club, which continues long-term projects like a £200 million training ground and possible St James' Park redevelopment, with senior figures visiting Tyneside. Newcastle's performance under PIF ownership — two Champions League qualifications, top-five finishes, and rising player values — contrasts with LIV Golf's uncertain future.
Tiger Woods, currently hosting the Hero World Challenge, remains uncertain about his future in competitive golf as he recovers from back surgery. He is also involved in ongoing negotiations between the PGA Tour and Saudi Arabia's Public Investment Fund regarding potential investments. Woods, who is on the PGA Tour board, acknowledges the complexity of these negotiations and the need for regulatory approval. Meanwhile, his playing schedule for 2025 remains unclear as he focuses on rehabilitation and strengthening his back.