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The Latest Breaking News from PIF

New Zealand lobbied French on Solomon Islands-China pact, cables show

New Zealand officials hoped French Polynesia and New Caledonia would respond to security pact, documents show.

Al Jazeera

Saudi Investment Fund PIF Buys Into Men's Tennis In 'Strategic' Deal With ATP

Saudi Arabia's Public Investment Fund (PIF) on Wednesday announced a "multi-year strategic partnership" with the ATP, the governing body of men's tennis, extending the kingdom's influence on international sport.

International Business Times

Elon Musk Predicts Potential Bankruptcy For Tesla Rivals Rivian And Lucid

In June 2022, Elon Musk warned of potential bankruptcy for Rivian and Lucid, noting they end up in the cemetery unless they slash spending.

International Business Times UK

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'The DP World Tour Should Have Been LIV's Home' - Chubby Chandler Believes Keith Pelley Was Wrong To Turn Down Saudi Investment

Agent Andrew 'Chubby' Chandler believes the DP World Tour were wrong to turn down the offer of Saudi investment in 2021

Golf Monthly

Yasir Al-Rumayyan In Pro-Am Field At PGA Tour-Sanctioned Event

The PIF and LIV Golf chairman is playing in Morocco alongside Indian pro, Arjun Atwal

Golf Monthly

Abu Dhabi sovereign wealth fund Mubadala said to consider buying Heathrow stake

If Mubadala buys into Heathrow, it would become the airport’s third Gulf state-backed shareholder alongside PIF and the Qatar Investment Authority

Evening Standard

'There’s A Guy In This Room That Was Leading The US Open The Other Week And There Was Maybe Five Golf Shots Shown From Him'

Callum Tarren discusses the PGA Tour's new $3bn deal with SSG and how it could lead to the TV product being improved

Golf Monthly

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PGA Tour Investor Makes Bold Claim About LIV Golfers

PGA Tour investor Arthur Blank was asked about the threat of LIV Golf but the Atlanta Falcons owner didn't seem that worried

Golf Monthly

8 Takeaways From Tiger Woods’ First Press Conference Of 2024

Woods spoke to the media before his appearance at the Genesis Invitational – here are some of the key points from it

Golf Monthly

‘We’re in a great position’: Tiger Woods claims PGA Tour doesn’t need PIF cash

Tiger Woods has joined Jordan Spieth in casting doubt on a future PIF deal, praising Strategic Sports Group for its ‘great leaders’ and ‘amazing brains’

The Guardian - UK

Tiger Woods Gives Update On PGA Tour Negotiations With Saudi Arabian PIF

Tiger Woods says the PGA Tour is still keen to work with the Saudi Arabian Public Investment Fund following the recent $3bn deal with Strategic Sports Group

Golf Monthly

From 'Dead In The Water' To 'Let Them Come Back' - What Rory McIlroy Has Said About LIV Golf Since The Rival Tour's Inception

Rory McIlroy has been an ardent critic of LIV since its inception in 2022 - here's a timeline of some of his comments about the Saudi-backed circuit

Golf Monthly

Player equity in $3 billion PGA Tour Enterprises to be broken down into four groups

The majority of equity will be granted to 36 players based on career and last 5-year performance, PIP results.

USA Today Sports Media Group

Advisers could face 20 years in Saudi Arabia prison if they comply with U.S. investigation in PGA Tour, LIV Golf dealings

Discussions between the PGA Tour and Saudi PIF remain ongoing despite a $3 billion outside investment.

USA Today Sports Media Group

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The Guardian - US

Top US consultancies face scrutiny over role in Saudi Arabia’s sports push

Senator suggests McKinsey, BCG and other firms may be violating federal disclosure rules

Golf Monthly

Rory McIlroy Reaffirms PGA Tour-PIF Stance After Call With Jordan Spieth

Rory McIlroy and Jordan Spieth appear to disagree on the potential deal with the Tour and Saudi Arabia's Public Investment Fund

Golf Monthly

Al-Rumayyan Coy Over PGA Tour Investment In LIV Golf Update

LIV Golf chairman Yasir Al-Rumayyan says his Saudi PIF will evaluate possibly still investing in the PGA Tour in the future

The Hindu

Saudi Arabia and the politics of sportswashing

Saudi Arabia's use of sport to improve its image and distract from human rights abuses is explored, with athletes and countries complicit in the process. From buying foreign teams to inking multi-billion-dollar athlete contracts, Saudi Arabia is investing heavily in sport in a bid to change the global narrative around…

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USA Today Sports Media Group

LIV Golf Chairman Yasir Al-Rumayyan updates players on potential future investment in PGA Tour Enterprises

The letter comes a day after the PGA Tour secured a $3 billion investment from the Strategic Sports Group.

Top News

PGA Tour Secures Billion Investment, Players Become Owners

The PGA Tour announces a billion investment from Strategic Sports Group, allowing players to become equity owners in the new PGA Tour Enterprises.

Golf Monthly

Does The PGA Tour Still ‘Need’ PIF Money? Jordan Spieth Discusses New $3bn SSG Deal

Jordan Spieth says the Strategic Sports Group investment means the PGA Tour is not dependent on the Saudi PIF - who must now meet the players' demands to do a deal

USA Today Sports Media Group

Lynch: The PGA Tour’s new billions will further enrich players, so when will fans see a return?

This deal likely portends a radical (and long overdue) reassessment of the Tour’s product and operations.

USA Today Sports Media Group

Greg Norman sends letter to LIV Golf staff regarding $3 billion investment in PGA Tour

"Nothing announced by other tours or investment groups changes LIV Golf’s positive trajectory or future plans."

USA Today Sports Media Group

‘Any investment into the game of golf is gigantic’: LIV Golf players react to $3 billion outside investment in PGA Tour

"What I can say is that any investment into the game of golf is gigantic, especially on their side," said DeChambeau.

Golf Monthly

Keith Pelley Responds To PGA Tour’s New $3bn Deal

The DP World Tour CEO has written to members following the announcement that the Strategic Sports Group is investing $3bn in the PGA Tour

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