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Saudi Arabia's Public Investment Fund is among potential bidders exploring the purchase of a minority stake worth around $1 billion in DAZN, the sports-streaming group backed by billionaire Len ...
The country is keen to establish itself as a soccer hub.
The sport's dalliance with Saudi Arabia is relatively new. Matchroom Sport brought a heavyweight title fight between Anthony Joshua and Andy Ruiz to Saudi Arabia in 2019 and there have been a ...
Sport in Saudi Arabia is an important part of Saudi Arabian culture and the country participates in many international sporting competitions along with multiple esport competitions. Football is a particularly popular sport and Saudi Arabia has won the Asian Cup on three occasions, while other sports such as cricket and basketball are also ...
The Public Investment Fund of Saudi Arabia purchased an 80% stake in Newcastle United [1]. The 2021 takeover of Newcastle United F.C. by a consortium of the Saudi Public Investment Fund (PIF), PCP Capital Partners, and the Reuben Brothers was a takeover proceeding that commenced in April 2020 and was successfully concluded in October 2021.
The Ministry of Sport’ remit of improving and developing the sports environment in the Kingdom of Saudi Arabia includes a focus on encouraging sports and physical activity at the grassroots level. Towards that end, the Saudi Sports for All Federation (SFA) was created in 2018 as a dedicated body to drive community sports.
“If Saudi Arabia wanted to buy another $450 billion or $500 — we’ll up it for all the inflation — I think I’d probably go.” On a potential trip to Saudi Arabia, White House press secretary Karoline Leavitt told journalists Thursday: “I’m not aware of any plans at this time.”
The WTA Finals will be in Saudi Arabia as part of a three-year deal that will increase the prize money for this November’s season-ending championship to a record $15.25 million, a 70% increase ...