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Another interesting investor is Saudi Arabia’s sovereign wealth fund, the Public Investment Fund.
As part of the deal, Saudi Arabia's Public Investment Fund (PIF), which has bankrolled LIV Golf, would serve as the exclusive investor.
Source: https://www.heraldlive.co.za/sport/2023-12-21-arrogant-tour-chiefs-doing-a-bad-job-says-hovland/
A US Senate panel on Wednesday invited PGA Tour Commissioner Jay Monahan, Saudi Arabia’s Public Investment Fund Governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman to testify at a July 11 hearing.
Source: https://www.blueprint.ng/us-senate-panel-invites-pga-tour-commissioner-liv-ceo-to-testify-on-merger/
Bankrolled by Saudi Arabia’s Public Investment Fund, LIV split the golf world last year by luring away top stars from the and DP World Tour (formerly the European Tour) with lucrative contracts to its 54-hole, no-cut experiment.
Source: https://www.citizen.co.za/sport/greg-norman-players-want-to-join-liv-golf/
He said he had lined up financing, including a verbal commitment from Saudi Arabia's sovereign wealth fund, the Public Investment Fund, and could have used his stake in SpaceX to fund the deal.
In a similar arrangement in July, Saudi Arabian Mining Co (Ma’aden) and the Saudi Public Investment Fund (PIF) acquired 10% of Brazilian Vale’s base metal unit, while U.S. investment firm Engine No. 1 acquired 3%.
Source: https://www.shorenewsnetwork.com/2023/09/10/us-saudi-arabia-in/
In June, the PGA and DP World Tours announced they had a ‘framework agreement’ to merge with the Saudi Arabian Public Investment Fund (PIF), which has pledged $2bn (£1.6bn) of support to LIV.
Its controlling shareholder, Saudi Arabia’s Public Investment Fund, had just filed its Q1 2022 13F, showing it sold none of its shares in the quarter.
It’s partnering with Saudi Arabia’s Public Investment Fund, which bankrolls LIV.
Lucid has the backing of Saudi Arabia through its Public Investment Fund (
Source: https://investorplace.com/2023/06/lcid-stock-alert-stock-offering-plan-sends-lucid-motors-plunging/
Mining for similar gold, a journalist asked Norman this week if he had ever had a conversation with bin Salman, chairman of the Public Investment Fund, about Saudi Arabia’s human rights record.
Reports of the Saudi Arabia Public Investment Fund had already agreed to a deal in principle popped up earlier this week and have since been debunked, but the country is reportedly still in the running.
Source: https://comicbook.com/wwe/news/aew-buying-wwe-sold-tony-khan-shahid-khan-vince-mcmahon/
Smith said Yasir Al-Rumayyan, the governor of the Public Investment Fund, called him and a few other LIV players shortly before Al-Rumayyan — whom Smith refers to as “H.
Source: https://triblive.com/sports/saudi-and-liv-a-topic-with-no-answers-as-u-s-open-approaches-2/
Some have wondered if McIlroy’s decision to step down had something to do with the Tour’s ongoing negotiations with the Saudi Arabia Public Investment Fund.
Source: https://larrybrownsports.com/golf/pga-tour-jordan-spieth-rory-mcilroy-policy-board/624307
Spiro added that Musk had been in advanced talks with representatives from Saudi Arabia’s Public Investment Fund to take Tesla private.
Source: https://ktar.com/story/5419148/opening-statements-begin-in-elon-musk-tesla-tweets-trial/
The LIV Golf series is bankrolled by the Saudi Arabia Public Investment Fund and critics have accused it of being a sportwashing enterprise for the country to attempt to improve its reputation in the face of criticism of its human rights record.
There is a lot of expectation now on the Magpies with their support of the Public Investment Fund of Saudi Arabia.
Source: https://fansided.com/2023/03/11/jonathan-david-premier-league-la-liga/
Today I am officially inviting the PGA Tour Commissioner, LIV Golf CEO, & Saudi Public Investment Fund Governor to testify in front of my Permanent Subcommittee on Investigations.
Source: https://dailycaller.com/2023/06/21/americans-pga-liv-saudi-arabia-testify-senate-hearing/