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The Latest Breaking News from PIF

Bitter rivals LIV Golf and PGA Tour announce shock merger to end golf’s civil war

Golf’s civil war that has been raging for 18 months looks set to come to a stunning end

The Independent UK

Phil Mickelson wastes no time responding to PGA Tour and LIV Golf announcing merge

The PGA Tour has sensationally agreed to merge with the Saudi Arabia funder LIV Golf series, ending all legal proceedings between the two sides of golf's civil war, and Phil Mickelson is delighted

Daily Mirror

PGA Tour, LIV Golf And DP World Tour Announce Merger

LIV Golf, the PGA Tour and DP World Tour have struck a historic agreement after over a year of division

Golf Monthly

From analysis to the latest developments in health,
read the most diverse news in one place.

Newcastle's owners complete takeover of FOUR clubs including Cristiano Ronaldo's Al-Nassr

Saudi Arabia's Public Investment Fund has taken majority stakes in Al Nassr, Al Hilal, Al Ahli and Al Ittihad as the Middle East becomes an increasingly tempting proposition for Europe's leading stars

Daily Mirror

Newcastle United owners take majority stake in Cristiano Ronaldo's Al-Nassr

Ronaldo left Manchester United for Saudi Arabia last year

Manchester Evening News

Newcastle owners take majority stakes in four Saudi clubs including Al Nassr

The kingdom says it is privatising its top sports clubs to help the industry grow.

The Independent UK

Newcastle's owners 'providing funds' for Lionel Messi and Karim Benzema transfer chases

The Saudi Pro League is launching a bid to bring in several superstars to join Cristiano Ronaldo in the Middle East, with the money coming from Newcastle's owners the Public Investment Fund

Daily Mirror

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LIV Golf midseason review: Which questions still need answers in 2023?

As LIV Golf takes a midseason break, here’s a look at which questions have and haven't been answered this year.

USA Today Sports Media Group

Lucid To Raise $3 Billion, Mostly From Saudi Majority Stockholder

Lucid Group said it would use the new cash for "general corporate purposes," including capital expenditures and working capital, among other things.

InsideEVs

S Korea, Pacific Islands to boost ties after first-ever summit

Inaugural Korea-Pacific Islands Summit comes amid Seoul’s concerns over China’s growing influence in Indo-Pacific.

Al Jazeera

Premier League sponsorship rules set for major test as Newcastle eye shirt deal with Saudi company

Newcastle are in talks over a £25m shirt deal with Sela, an events company with links to Saudi Arabia whose website says it is owned by the Public Investment Fund

The Independent UK

'Newcastle and LIV Golf success shows Saudi sportswashing is now in full swing'

LIV Golf star Brooks Koepka became the first player from the breakaway league to win a golf Major on Sunday before Newcastle booked their place in next season's Champions League 24 hours later

Daily Mirror

Newcastle qualify for Champions League for first time in 20 YEARS as top four confirmed

Eddie Howe is the first Newcastle manager since Sir Bobby Robson to qualify for the Champions League, with a point against Leicester City on Monday night being enough to secure a top-four finish

Daily Mirror

F1 owner shares stance on selling sport amid Saudi Arabia PIF and Elon Musk interest

Worldwide interest in F1 has grown rapidly in recent years – as have revenues – meaning Liberty Media would be able to command a very high price for the sport should it choose to sell

Daily Mirror

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USA Today Sports Media Group

Judge grants LIV Golf stay of discovery pending appeal, rules against PGA Tour in latest filing

The timeline for a trial could move well into 2024 and beyond.

PC Gamer

Saudi Arabia now owns 10% of Electronic Arts

The country's investment fund significantly increased its stake.

Golf Monthly

Report - LIV Golf Want Newcastle Director Amanda Staveley To Lead PGA Tour Peace Talks

Amanda Staveley led the Middle East takeovers of both Newcastle and Man City and could now be involved in LIV Golf talks

The Guardian - UK

Satellite town: why Premier League owners are keen on KV Oostende

Owners of Bournemouth, Newcastle and Wolves are circling the Belgian club, with American incumbents willing to sell

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France 24

Messi's father refutes rumours of deal to play in Saudi Arabia

Lionel Messi has not "signed or agreed" a deal to play in Saudi Arabia next season, the Argentine's father said after reports on Tuesday linked the Paris St Germain forward with a move to the Middle East.

Bangkok Post

Bankers' pay is booming in Saudi Arabia

DUBAI: Even as the global financial community contends with layoffs and lower bonuses, banking jobs remain plentiful and salaries are surging in one unexpected corner of the world: Saudi Arabia.

Chronicle Live

Newcastle United edge closer to major sponsor deal ahead of Fun88 swansong

Newcastle United will be wearing a new sponsorship on their shirts next season

Asharq Al-Awsat

Agreement Signed to Establish Saudi Arabia’s 1st Integrated Steel Plate Manufacturing Complex

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, Baoshan Iron & Steel Co., Ltd. (Baosteel), the world’s leading steel conglomerate, and the Public Investment Fund (PIF) signed on Monday a shareholders’ agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia.

Chronicle Live

Newcastle's owners told they 'must prove themselves' amid KV Oostende links and Brighton blueprint

The Magpies' owners have been linked with a takeover at the Belgian side

The Independent UK

Premier League investigating Newcastle’s Saudi-led takeover – Aston Villa chief

Court documents published in February described Newcastle chairman Yasir Al Rumayyan as a sitting minister of the Saudi government.

Asharq Al-Awsat

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

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