A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.
Tag: Rumayyan, Yasir al-
What Is the Saudi Sovereign Wealth Fund?
The secretive $700 billion investment fund has set its sights on tourism, job creation, private equity and, now, golf.
Through Ties to Saudis, Golf Deal Promises Benefits to Trump
The new alliance between the PGA Tour and LIV Golf is the latest example of how the former president’s relationship with Saudi Arabia has yielded gains, and criticism, for both.
Saudi Arabia’s LIV Golf Series Upends Genteel World of Golf
By promising top players multimillion-dollar paydays, the kingdom moved beyond investing in a sport and made a play to control one. Then the PGA Tour struck back.
Yasir al-Rumayyan Missing From Saudi Arabia’s Investment Conference
The unexplained absence of Yasir al-Rumayyan, who oversees the kingdom’s sovereign wealth fund, has highlighted concerns about a lack of transparency.