Saudi Public Investment Fund
PGA Tour extends talks with PIF, wants private investors on board too
The PGA Tour and Saudi Arabia's Public Investment Fund (PIF) are to continue talks over a potential merger after a December 31, 2023 deadline passed without an agreement in place
PIF steps up sports drive with SRJ Sports Investments launch
Saudi Arabia’s Public Investment Fund (PIF) has established a new sports investment company as part of plans to further grow its presence within global sport.
Saudi Arabia planning ‘multibillion-dollar’ sports investment group
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
‘Scheduling conflicts’ prevent LIV Golf, PIF from attending Senate hearing
Next week’s US Senate hearing into the proposed commercial merger between the PGA Tour, LIV Golf and Saudi Arabia’s Public Investment Fund (PIF) will not hear testimony from PIF governor Yasir Al-Rumayyan and…
PIF among potential investors in ATP talks, Gaudenzi re-elected to 2026
Association of Tennis Professionals (ATP) chairman Andrea Gaudenzi says “positive” talks have been held with potential investors including Saudi Arabia’s Public Investment Fund (PIF) and various priva…
Mumtalakat takes on PIF’s McLaren stake
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, has strengthened its interest in British automotive, motorsport and technology company McLaren Group by acquiring…
Monahan, Al-Rumayyan and Norman called to Senate hearing on LIV merger
Two senior US senators have called on PGA Tour commissioner Jay Monahan, Saudi Public Investment Fund (PIF) governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman to testify at a hearing next month into…
DOJ set to probe PGA Tour merger
The commercial merger between the PGA Tour, the DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) is set to face further scrutiny after it was reported that the US Department of Justice (DOJ) w…
PGA Tour’s commercial merger with LIV faces US Senator probe
Richard Blumenthal, chairman of the US Senate’s Permanent Subcommittee on Investigations, has opened an investigation into the commercial merger between the PGA Tour and Saudi Arabia’s Public Investment Fun…
PIF-owned Saudi real estate firm signs Al-Ittihad sponsorship
Real estate developer Roshn has signed a three-year 'Platinum' sponsorship with Saudi Premier League champions Al-Ittihad.
Roshn is owned by Saudi Arabia's Public Investment Fund (PIF)
Jeddah to host first event as E1 details inaugural calendar plans
E1 Series, the electric powerboat racing championship, has announced the venues for its inaugural season in 2024, with Jeddah in Saudi Arabia to host the first race
PGA Tour, DP World Tour and PIF agree bombshell commercial merger
The PGA Tour, DP World Tour and Saudi Arabia’s Public Investment Fund (PIF) are to merge commercial operations under common ownership in a shock tripartite agreement that ends all pending litigation r…
Newcastle United posts £70.7m loss in first accounts since Saudi takeover
Premier League club Newcastle United has announced a loss of £70.7m (€80.5m/$87.6m) in the first set of accounts published since its takeover by Saudi Arabia's Public Investment Fund (PIF) in October 2021.
Judge orders LIV Golf backers to produce documents in legal dispute with PGA Tour
In a major victory for the PGA Tour, a federal magistrate judge has ordered that Saudi Arabia's Public Investment Fund's (PIF) Governor Yasir Al-Rumayyan can be deposed by PGA Tour lawyers and the LIV…
Saudi Arabia’s PIF and US groups signal beIN investment interest
Saudi Arabia’s Public Investment Fund (PIF) has held exploratory talks about acquiring a significant minority interest in Qatar-based pay-television broadcaster beIN Media Group, SportBusiness understands.
Saudi PIF ‘commits more than $2bn’ to football sponsorship
Saudi Arabia’s Public Investment Fund (PIF) has disclosed it has committed to spending more than $2bn (€2.06bn) on long-term football sponsorship deals this year.
PIF-backed Savvy Gaming acquires ESL Gaming in $1.05bn deal
Savvy Gaming Group, a gaming and esports company owned by Saudi Arabia’s Public Investment Fund, has agreed a deal to acquire ESL Gaming from Sweden-based Modern Times Group in an all-cash transaction g…
KKR ‘seeks PIF backing’ for Telecom Italia bid
US-based private equity firm KKR has approached Saudi Arabia’s Public Investment Fund to support its proposed takeover of Telecom Italia (TIM), the dominant telecoms operator in Italy, it has been reported.