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The Latest Breaking News from PIF

Asian Football Confederation may be sued for allowing multi-club ownership

The Asian Football Confederation (AFC) is facing a potential legal challenge after seemingly ignoring its own regulations on multi-club ownership to allow three clubs owned by Saudi Arabia’s Public Investment Fund (PIF) to take part in the Asian Champions League

The Guardian - UK

Senate subpoenas Saudi’s $700bn sovereign wealth fund over US dealings

Chamber’s investigations committee is targeting the PIF after it refused to voluntarily comply with requests for disclosure

The Guardian - US

Congressional probe digging deeper on LIV Golf fund poses questions about American investments

Disclosures show that PIF’s public U.S. holdings have increased from $2.3 billion in March 2019 to $35.5 billion in March 2023.

USA Today Sports Media Group

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‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

Brazil and Saudi Arabia have long been economic partners, but the two are pushing to deepen trade and investment.

Al Jazeera

How would Lionel Messi fare in the Premier League?

In an extract from his weekly newsletter, Jonathan Wilson answers your questions on hypothetical transfers, James Maddison and attack v defence

The Guardian - US

Senate to examine pending PGA Tour deal, Saudi Arabian PIF’s investments in U.S.

PIF Governor Yasir Al-Rumayyan once again denied a request to testify before the subcommittee.

USA Today Sports Media Group

European football is ignorant to the march of the Saudi Pro League

Saudi sides in the Uefa Champions League is a progression some are already expecting to emerge - at least as a conversation or bargaining chip

The Independent UK

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Only Premier League clubs spent more on transfers than Saudi Pro League sides

The Saudi-Pro League spent more than all but one of Europe’s top leagues

The Independent UK

Premier League clubs ask government to block nation-state ownership

Top-flight teams have asked for move to be part of new football regulator’s brief while equality, diversity and inclusion will not be central part of governance code

The Guardian - UK

Al Ittihad offer Liverpool world record fee for Mohamed Salah: Report

The Sun reports that officials from the Saudi club are in the UK to make a $270m offer for the Egyptian superstar.

Al Jazeera

LIV Golf signs on high-powered D.C. lobbying firm amid congressional probe

A representative of Akin Gump said Al-Rumayyan should not be forced to take part in any future hearings.

USA Today Sports Media Group

'Total Waste Of Time' - Kevin Kisner Criticises PGA Tour 'Fight' With LIV Golf

The former PGA Tour Policy Board member has criticised the way the Tour handled the emergence of LIV Golf

Golf Monthly

When Did Golf Become All About Money?

Viktor Hovland won a staggering $32m+ in the 2022/23 PGA Tour season including his $18m FedEx Cup bonus

Golf Monthly

Saudi Arabia's Pro League is taking advantage of football's greed and inequality

For Liverpool supporters like me, Jordan Henderson was one of football’s good guys. He was the club captain who fundraised for the UK’s National Health Service during the COVID-19 pandemic and vocally supported Liverpool’s LGBTQ+ community.

The Conversation

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Golf Monthly

Frustrated Tom Watson Still Waiting for PGA Tour Answers To PIF Deal Questions

Tom Watson is still waiting for the PGA Tour to answer his questions on the PIF deal, and warned they'll be "heading in the wrong direction" without more player involvement

USA Today Sports Media Group

Tom Watson frustrated by lack of answers on PGA Tour, Saudi Arabia partnership

"The sad thing about it is the questions in that letter haven’t been answered. Not a single one," said Watson.

USA Today Sports Media Group

Lynch: Jay Monahan opens up on his health, but stays positively mum on his Saudi deal

Monahan's shareholders in the locker room primarily have one yardstick (money) and one concern (how they’ll get more of it).

Golf Monthly

8 Takeaways From Jay Monahan's Tour Championship Press Conference

The PGA Tour commissioner addressed the media to discuss a wide range of issues - here are the key points he raised

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The Guardian - UK

Jay Monahan adamant deal between PGA and LIV will be completed on time

The former rivals have until 31 December to reach an agreement and Monahan said both sides are working with ‘intensity and urgency’ to ensure the deadline is met

USA Today Sports Media Group

5 things we learned from Commissioner Jay Monahan’s State of the PGA Tour press conference

PGA Tour Commissioner Jay Monahan spoke during his annual State of the PGA Tour at East Lake Golf Club.

Golf Monthly

Senator Challenges PIF Governor Yasir Al-Rumayyan Over Refusal To Testify On PGA Tour/PIF Deal

Senator Blumenthal has challenged the governor of the Saudi Public Investment Fund over his refusal to testify about the PGA Tour/PIF link up

The Guardian - US

US senator warns top Saudi over refusal to testify on PGA golf deal

Richard Blumenthal to consider ‘other legal methods’ to compel Yasir al-Rumayyan to speak to Senate oversight committee

The Guardian - UK

‘It’s not a fad’: the truth behind Saudi Arabia’s dizzying investment in sport

From the star-studded Pro League to golf, F1 and cricket, the kingdom’s strategy is as cynically ambitious as it is controversial

The Independent UK

Saudi spending won’t compromise owners’ aims for Newcastle, says Mapgies CEO

The Public Investment Fund has ploughed money into both Newcastle and the Saudi Pro League.

The Guardian - UK

Saudi Pro League has the big stars – now it has to hope the fervour follows

Lavish spending has generated hype and controversy, but how will this project play out once the season starts?

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