the Saudi Arabia Public Investment Fund
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As LIV Golf faces a Saudi funding cliff, CEO says to take PIF 'at their word'
LIV Golf CEO Scott O'Neil told CNBC Tuesday that as a funding cliff approaches, the organization has to trust Saudi Arabia's Public Investment Fund will back the golf venture through the rest of the season as it's promised. "I can say they've been terrific partners so far, and you have to take an incredible organization like PIF at their word," O'Neil said. "They've been very public about funding us through the season, so we are full steam ahead."
'I know nothing about business!' - Rahm stays away from LIV's funding push
LIV Golf League: Jon Rahm explains why he won't follow Bryson DeChambeau in having direct role to find new funding Jon Rahm explained ahead of LIV Golf Andalucía why, unlike Bryson DeChambeau, he will not have a direct involvement in the league's push to secure new investment; Saudi Arabia's Public Investment Fund will withdraw their funding beyond the 2026 season Tuesday 2 June 2026 15:36, UK Jon Rahm has confirmed he will not be joining Bryson DeChambeau in meeting with potential investors...
LIV CEO won't guarantee final 4 events of season
Amidst reports that there are growing concerns within LIV Golf that funding from Saudi Arabia's Public Investment Fund might not last through this season, CEO Scott O'Neil stopped short of saying the circuit's final four tournaments will be played. Speaking to CNBC on Tuesday, O'Neil said LIV Golf has to trust that the PIF will follow through on its promise to fund the league through the remainder of the 2026 season. "I can say they've been terrific partners so far," O'Neil said.
SpaceX IPO Draws Billions in Orders From Middle East Funds
Deals SpaceX IPO Draws Billions in Orders From Middle East Funds Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout. Saudi Arabia’s Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to...
LIV Golf chief executive dodges questions over viability of future events
LIV Golf chief executive Scott O'Neil dodges question over viability of future events LIV Golf chief executive Scott O’Neil would not guarantee the 2026 season’s final events will go ahead, instead outlining a scramble for $300m investment to keep the circuit running beyond Saudi backing Wednesday 10 June 2026 09:04, UK LIV Golf chief executive Scott O'Neil refused to be drawn on whether the league's remaining events of 2026 will take place as he outlined the scramble for post-Saudi...
Cameron Smith conveniently says golf prize money needs to 'come back' down after cashing in with LIV Golf
It isn't necessarily bold or even controversial to say that the amount of money in professional golf has gotten out of control in recent years. Purses have consistently increased, no-cut events have become a part of the routine, guaranteeing gargantuan paydays, and it's not exactly easy to justify. It is, however, easy to point to what has gotten the sport to this overexposed spot in rather rapid fashion: LIV Golf.
Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC
Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC June 10 : Fund manager Franklin Resources, better known as Franklin Templeton, will participate in rocket maker SpaceX's blockbuster initial public offering this week, CEO Jenny Johnson told CNBC on Wednesday. Speaking on a CNBC interview, Johnson said clients were calling up the asset manager and asking if the firm was involved in the SpaceX IPO. "We actually already have exposure and we will participate in the IPO.
Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
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The Absurd World Cup
It’s hard to imagine a more fraught combination for what was supposed to be a fun Friday night: Seattle’s Pride celebration will feature a World Cup match on June 26 between Iran, where homosexuality is punishable by death, and Egypt, where homosexual activity is punishable by up to three years in prison. When FIFA’s schedulers announced the Pride Match pairing after December’s draw, it felt a little like a sick joke. The Egyptian Football Association has said it will reject “in absolute...
Reformer or ringleader: A decade on, What is Infantino's legacy as FIFA president?
GIANNI INFANTINO CELEBRATED HIS ELECTION as FIFA president in February 2016 by buying beers for journalists in the bar of a hotel in Cardiff, Wales. After the previous regime of Sepp Blatter had been brought down by bribery and corruption, Infantino was soccer's new man of the people: approachable, engaging and ready to restore the game's reputation. Ten years on, the Swiss-Italian lawyer is the most powerful man in the game.