Saudi Arabia expected to axe 2034 World Cup stadium projects Sport Business Saudi Arabia’s plans for hosting the 2034 World Cup look set to be significantly scaled back after doubts emerged over five new stadium builds. The country’s Public Investment Fund will inform Fifa of its intention to scrap construction of the quintet of new venues, including ambitious projects in Qiddya and Neom, Semafor reported. The other [...]
LIV Golf players to be banned from DP World Tour and Ryder Cup Sport Business Players who sign up to play on a resurrected LIV Golf tour will be prohibited from competing on the DP World Tour or in the Ryder Cup, its European chiefs have said. The rebel golf league has secured funding from BC Partners to exit bankruptcy proceedings after Saudi Arabia’s Public Investment Fund pulled its backing [...]
Saudi Arabia still open to sport investing, insists PIF, despite drastic cutbacks Sport Business Saudi Arabia remains keen to invest in sport despite scaling back funding for high-profile projects in golf, football and tennis, says the Public Investment Fund. PIF has retreated from bankrolling LIV Golf and extravagant spending on foreign players for the Saudi Pro League as well as giving up hosting the WTA Finals as part of [...]
Revive VAT-free shopping to boost high streets, Selfridges urges Burnham September 29, 2026 Selfridges has called on Andy Burnham to reinstate VAT-free shopping for international tourists as part of his push to revive British high streets and boost regional growth. The luxury department store chain hit out at then-Chancellor Rishi Sunak’s decision to abolish VAT-free shopping in 2021, adding that it is “encouraged” to see the policy back [...]
Greg Norman: I’d rather see LIV Golf end than wither away August 24, 2026 Former LIV Golf CEO Greg Norman has said he would rather see the rebel tour scrapped altogether than continue in a diminished form. The tour’s future is in serious doubt after Saudi Arabia’s Public Investment Fund withdrew its backing earlier this year, having already spent $5bn on rivalling the PGA Tour. Talks continue over a [...]
Premier League: US owners dominate over half of 20 clubs August 21, 2026 The Premier League returns this evening for its 35th season, and clubs have become commodities traded by some of the world’s richest and most influential investors. From private equity funds to billionaires to sovereign wealth, this current crop of 20 team owners – this season seeing Hull City, Coventry City and Ipswich Town replacing Burnley, [...]
Saudi Arabia’s PIF sign Queen’s deal despite wider sporting retreat June 8, 2026 Saudi Arabia’s Public Investment Fund has announced a new partnership with the HSBC Championships despite a wider retreat from sport. The agreement, described by the Lawn Tennis Association as a multi-year deal, will see the sovereign wealth giant, a partner of both the ATP and WTA Tours, link up with the London tournament. It follows [...]
Expect investor activity in Premier League this summer, say Raine Group May 28, 2026 Raine Group, the bank behind the sale of Chelsea and Sir Jim Ratcliffe’s minority purchase of Manchester United, has said to expect heightened activity this summer as Premier League clubs move to sell stakes and raise capital. The respected US merchant bank, which has recently advised on NBA Europe and franchise sales in the Hundred [...]
What the LIV Golf Chapter 11 bankruptcy means? May 25, 2026 The potential bankruptcy of LIV Golf could see players leverage their power to take over the isolated business, according to experts. The rebel golf league, featuring the likes of Bryson DeChambeau and Jon Rahm, has reportedly begun bankruptcy plans after its Saudi Arabian backers – the Public Investment Fund – confirmed that they’ll cease funding [...]
LIV Golf players knew the risks of rebel tour, Rory McIlroy says May 12, 2026 Rory McIlroy says LIV Golf players knew the risks they were taking when they jumped ship to the rebel league, as uncertainty clouds the tour’s future. LIV’s backer, Saudi Arabia’s Public Investment Fund, this month confirmed that it will withhold further funding following the end of the season. The move has come as part of [...]