8legs: Public investment fund

Your Followed Topics

#1 out of 3

Saudi Arabia ends bid plans for the 2035 Rugby World Cup as part of a new PIF strategy.
The decision means no expression of interest was submitted before World Rugby’s October 2026 deadline.
The move follows PIF’s value realization phase of Vision 2030, prioritizing returns on investments.
PIF will still invest in sport but focus on domestic projects like infrastructure for the 2034 FIFA World Cup and Riyadh’s Formula One track.
Qatar shows more advanced rugby interest and has a deal to host the Nations Championship finals in 2028.
World Rugby’s bidding process for 2035 opened last October, with Argentina, Japan and Spain among initial express interest.
The formal bid deadline is October 2026, giving Gulf states time to reconsider.
World Rugby will name a preferred bidder in May 2027, with a formal appointment in the following autumn.
The suspension of the Rwanda-style rebel LIV Golf project is linked to PIF’s new strategy.
The Guardian reports exclusive background on Saudi Arabia’s reluctance to bid amid Iran-related tensions.

Vote 0

#2 out of 3

PIF sells a 70% stake in Al-Hilal to Kingdom Holding Company, transferring majority control.
The sale reflects PIF’s strategy to redeploy capital within Saudi Arabia’s domestic economy.
Al-Hilal is among clubs previously controlled by PIF, which also has stakes in other Saudi teams and Newcastle.
The deal arrives as speculation rose about PIF’s backing of LIV Golf amid 2026 season plans.
The sale coincides with broader moves in Saudi sports investment and development.
Al-Hilal remains a leading Saudi club with a history of success despite ownership changes.
The Public Investment Fund stated the move aims to develop and diversify Saudi sports.
Kingdom Holding Company is led by Prince Alwaleed bin Talal, a member of the Saudi royal family.
Effect on fans and schedule remains aligned with ongoing Saudi sports expansion.
Transaction highlights the trend of consolidating sports assets under domestic economic aims.

Vote 0

#3 out of 3

sports12h ago

LIV Golf’s funding projection is shifting, with sources saying guarantees may only cover through 2026.
Analysts note broader recalibration as Saudi PIF reassesses sport investments amid competing domestic priorities.
Some players and executives question LIV’s long-term viability despite large contracts and incentives.
LIV has faced fan engagement challenges as traditional formats struggle to attract a broad audience.
Industry observers point to the shift in LIV’s strategy, including stake sales and potential downscaling.
Key figures linked to LIV, including Dustin Johnson and Phil Mickelson, were heavily compensated, fueling debates on sustainability.
The report highlights losses, with LIV allegedly losing over $1.1 billion between 2022 and 2024.
Tiger Woods reportedly declined a massive LIV offer, underscoring the personal and professional risks.
The LIV narrative centers on whether money alone can reshape a sport rooted in tradition.
Analysts suggest a potential endgame for LIV as core audience engagement remains elusive.

Vote 0

Unlimited Access

Personalized Feed

Full Experience

By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access

Personalized Feed

Full Experience

By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.