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The Latest Breaking News from PIF

Geopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets

The Middle East missed Asia's rise the first time around. They don't want to miss out again.

Fortune

Saudi Arabia hints at one day buying an F1 team

Saudi Arabia is open to buying a Formula 1 team as Prince Khalid bin Sultan Al-Abdullah Al-Faisal has admitted it is something he would like to see in the future.

Autosport

Saudi Arabia on buying an F1 team: "Why not?"

Saudi Arabia would be open to buying a Formula 1 team as Prince Khalid bin Sultan Al-Abdullah Al-Faisal admitted it is something he would like to see in the future.

Motorsport

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Unification deal no closer as PGA Tour ponders bid for Ryder Cup stake

With $1.5bn ploughed in by SSG, Jay Monahan and co have plenty of money and no need to agree a deal with LIV

The Guardian - UK

‘Tainted victory’: Newcastle’s Saudi influence still divisive after success

Concerns about the club’s ownership remain strong despite the euphoria of ending a 70-year wait for a domestic trophy

The Guardian - UK

Trump weakens US defenses against foreign interference as risks rise

Senate finds efforts by Saudi Arabia and others to meddle in US policy growing in ‘scope, sophistication and reach’

The Guardian - US

More STEM opportunities as Formula E and PIF launch educational project

Formula E has announced a new initiative with its partner the Public Investment Fund aimed at STEM learning and sustainability.

Autosport

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No Deal In Sight As PGA Tour Reportedly Rejects $1.5 billion Saudi PIF Offer Due To LIV Golf Demands

The PGA Tour has reportedly turned down a $1.5bn investment from the Saudi PIF due to demands being made over LIV Golf's future and Yasir Al-Rumayyan being installed as a top executive

Golf Monthly

Report: PGA Tour Declines Saudi PIF Proposal, Leaving Reunification in Doubt

The Saudi Arabia Public Investment Fund wanted assurances that LIV Golf could continue in its current form but the PGA Tour declined.

Sports Illustrated

PGA Tour stands firm on golf reunification despite Saudi $1.5bn offer

Saudi Arabia’s Public Investment Fund has failed in an attempt to persuade the PGA Tour to deliver serious concessions in exchange for a $1.5bn (£1.14bn) investment

The Guardian - UK

LIV Golf CEO Is Prepared to Move On Without PGA Tour Deal

Scott O'Neil said his Saudi Arabian bosses have "a long, patient" view for LIV Golf and that a deal to unify the pro game would be welcome but isn’t necessary for his league.

Sports Illustrated

'I Think We All Hoped It Would Have Been A Little Further Long, And That's No Secret' - Brooks Koepka's Echoes Recent Tough Love Towards LIV Golf

The five-time Major champion said progress is being made with the PIF-backed circuit after stating it was "quite far behind" its rivals on The Joe Pomp Show

Golf Monthly

LIV Golf’s Team Concept Is a Problem in Negotiations: 'Hard to Get Your Mind Around'

While LIV Golf sees itself perhaps becoming the "F1 of golf," PGA Tour Policy Board member Webb Simpson tells Sports Illustrated that team golf may not be as prominent in a reunified sport.

Sports Illustrated

English cricket board against Saudi-Aussie T20 proposal

English cricket's supremo has said he sees "no scope or demand" for a proposed Saudi-bankrolled T20 league that has been backed by Australia's players' union.

AAP

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The Independent UK

Newcastle and the Saudi Arabia question no one wants to ask

The end of Newcastle’s 70-year wait for domestic silverware was a classic tale of sporting romance - but the topic of the club’s ownership has to be included in the story

Cycling News

Looming IOC election and RCS sitting on the fence - Why Saudi Arabia's massive One Cycling investment still hangs in the balance

One Cycling slowed by David Lappartient's IOC election bid, but perhaps ready to launch as March 20 D-day nears

Golf Monthly

How Can LIV Golf And PGA Tour Work Together? Paul McGinley Reveals Proposal For Unity

The former Ryder Cup captain explained how a PGA Tour and PIF merger could work, with McGinley claiming the circuits need to 'find some common ground'

Golf Monthly

Brooks Koepka Addresses PGA Tour Return Rumors

The LIV player responded questions about a potential PGA Tour return following comments from Fred Couples who said he felt Koepka "wants to come back"

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news in one place.

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The Guardian - AU

Tim Cahill calls for ‘broader understanding’ amid influx of sovereign wealth into sport

The Socceroos great has said criticism neglects the fact trade deals exist between Australia and countries like Saudi Arabia and Qatar

Golf Monthly

President Trump Has 'Significantly Bolstered' PGA Tour-PIF Talks - Jay Monahan

PGA Tour commissioner Jay Monahan addressed the media at TPC Sawgrass, where he said that talks with the PIF are "substantial" but there is no concrete deadline

Golf Monthly

Why The Players Still Can't Be Considered Men's Golf's Fifth Major

The Players Championship is one of golf's greatest events but without LIV players, it still remains in the tier below the four men's Majors

Cycling News

Saudi Arabian PIF investment fund close to sponsoring the Giro d'Italia maglia rosa

US$930 billion Saudi sovereign wealth fund also linked to stalled One Cycling project

Sports Illustrated

The Players Championship Was Once Possible for LIV Golfers, but Disconnect Remains

An idea was floated months ago for LIV players to compete this week at TPC Sawgrass, but Bob Harig explains how that was dashed and how it exemplifies the divide that remains between the rival tours.

The Guardian - UK

Golf’s peace deal is no closer – is it time for PGA Tour to end talks with LIV?

With the PGA Tour’s marquee event approaching and Trump’s intervention seemingly unsuccessful, the sport is at a crossroads

MarketBeat

4 EV Stocks Facing Uncertainty—Which Ones Will Survive?

EV OEMs are in a shaky position, and more are expected to declare bankruptcy before any reach profitability. Dilution and short sellers are a risk.

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