Saudi Arabia's sovereign wealth fund deploys capital in global sport as a pillar of Crown Prince Mohammed bin Salman's Vision 2030 soft-power and diversification programme.
Saudi Arabia's Public Investment Fund-backed professional golf circuit, launched in 2022, that reshaped the sport's power structure and faces an uncertain future after its funder announced a 2026 exit.
full dossier ›Saudi Arabia's Public Investment Fund, Qatar, and the UAE are spending tens of billions of US dollars on global sport to reshape their governments' reputations abroad.
The Public Investment Fund confirmed on April 30 it will end its US$5.3bn investment in LIV Golf after the current season, citing strategic incompatibility, and the league has formed a new independent board while hunting commercial partners