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With aspirations beyond golf, Saudi Arabia will launch a sports investment group

July 6, 2023 by Chiefs Crowd

Last year, when Saudi Arabia’s Public Investment Fund set up its own golf league to compete with the PGA Tour, we pondered whether the country with massive amounts of oil money would ever turn its attention to football.

That could be happening.

According to the Financial Times, via Sports Business Daily, Saudi Arabia plans to launch a multibillion-dollar investment company in order to “expand its sports interests following its power grab in golf.”

The sports group will be part of the Public Investment Fund, and it will have a “war chest to fund its expansion.” Targeted will be soccer, tennis, and “other Read more…

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