Saudi Public Investment Fund nearing $1bn stake in Dazn January 14, 2025 Saudi Arabia’s Public Investment Fund is nearing a $1bn acquisition of a small minority stake in sport streaming platform Dazn. The London-based rights holder, which enjoys relationships with boxing’s Riyadh Season and a number of the top European football leagues, could potentially see its value pushed into the tens of billions after the injection. It [...]
British golfer to ditch PGA Tour to join Legion XIII on LIV Golf January 7, 2025 Northern Irishman Tom McKibbin is set to snub his newly-earned place on the PGA Tour to sign a shock deal with Jon Rahm’s LIV Golf team. McKibbin won a PGA Tour card in November via the DP World Tour’s Race to Dubai but the 22-year-old Brit will instead take the final spot in Legion XIII. [...]
Ahead of the Game: Man United cuts could be copied by other clubs December 30, 2024 Manchester United’s controversial move to slash the funding it provides to its charitable foundation as part of cost-cutting measures introduced by Sir Jim Ratcliffe could be followed by other Premier League clubs. The Manchester United Foundation are set to be the latest victims of Ratcliffe’s drive to cut costs at Old Trafford, with Sky News [...]
Selfridges: Saudi Arabia’s PIF invests in department store group October 8, 2024 Saudi Arabia’s Public Investment Fund (PIF) is now a joint owner of the business behind upmarket department store chain, Selfridges, it has been confirmed. Thai investor Central Group has announced a deal which will see it own 60 per cent of the group’s operating and property companies, with the PIF owning the rest. Central Group [...]
E1 series: Electric boat racing to head to Qatar in 2025 September 30, 2024 The all-electric E1 racing series will head to Qatar for the first time in season two, it was announced on Monday. The distant sibling to Formula E and Extreme H will kick off its season in the peninsular Arab country that hosted the 2022 Fifa World Cup – won by Argentina. The Corinthia Yacht Club [...]
Rocco Forte Hotels counts cost of £1.4bn deal with Saudi Arabia’s Public Investment Fund August 27, 2024 Profit at the British hotel group co-founded by Sir Rocco Forte was cut by more than half during its latest financial year as it sold a significant stake to Saudi Arabia’s Public Investment Fund. The deal, which was first announced in December 2023, saw the PIF take a 49 per cent holding in London-headquartered Rocco Forte Hotels [...]
US Open champion Bryson DeChambeau wants PGA Tour-PIF deal sorted ‘quickly’ June 17, 2024 DeChambeau concedes he is “part of the reason” for the schism in men’s golf.
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 [...]