Saudi Arabia planning ‘multibillion-dollar’ sports investment group

Yasir Al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia. (Photo by Rob Carr/Getty Images)
Yasir Al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia. (Photo by Rob Carr/Getty Images)

Saudi Arabia is planning to launch a new investment company as an extension of its Public Investment Fund as the country seeks to further expand its presence within global sport.

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