Saudi Arabia’s PIF seeks to up Selfridges stake to 50 per cent July 21, 2024 Saudi Arabia's Public Investment Fund has made a bid to up its stake in Selfridges to 50 per cent for a cash price of £1m.
E1, Puerto Banus and Saudi Arabia: The PIF mission to lure fans June 3, 2024 Why was the marina of Puerto Banus full of electric speed boats backed by the Saudi Arabian Public Investment Fund? Matt Hardy went to find out why the E1 Series is making a splash. Lady Haya, a 64m superyacht owned by the Saudi Arabian royal family, dominates the secluded marina of Puerto Banus. The so-called [...]
E1 aiming to join Formula E in establishing European race hubs May 11, 2024 The E1 speed boating series will head to Europe for the first time as the motorsporting discipline – with team owners including the likes of Virat Kohli, Sergio Perez and Tom Brady – sails into Venice. The electric powered machines will aid the highlighting of issues the Italian city faces when it comes to preserving [...]
McIlroy U-turns on PGA Tour board move over ‘old wounds’ May 8, 2024 Rory McIlroy has backtracked on plans to return to the PGA Tour policy board, saying the process had reopened “old wounds”. The four-time major winner had looked set to replace Webb Simpson on the board in an effort to help get a potential deal across the line between the PGA Tour, the DP World Tour [...]
Saudi Arabia bid $1bn to combine men’s and women’s tennis tours March 12, 2024 Tennis could be the next sport to fall into the arms of Saudi Arabia after discussions at Indian Wells this week reportedly included a $1bn take-it-or-leave-it offer from the state backed Public Investment Fund which would see the men’s and women’s tours merged. The reports, in the Telegraph, suggest that ATP chairman Andrea Gaudenzi asked [...]
Saudi Arabia’s PIF beefs up tennis presence with major ATP partnership February 28, 2024 PIF will sponsor the ATP rankings and five tournaments.