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Saudi wealth fund replaces foreign CEOs with locals

Public Investment Fund focuses on domestic investments ahead of country hosting 2034 World Cup

Financial Times 6d ago

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."

CNBC 16h ago

LIV Golf could reportedly run out of money before wrapping up 2026 season after Saudis pull funding

Despite the countless questions surrounding LIV Golf's future at the moment, the one certainty we do know is that the circuit's plan continues to finish out the 2026 campaign as scheduled. However, according to a new report, that could prove to be a challenge. At the end of April, the Saudi Public Investment Fund (PIF) announced that it would pull the plug on funding the breakaway golf league at the conclusion of the season.

Fox News 1d ago

'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...

Sky Sports Football 7d ago

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.

ESPN 12h ago

LIV Golf CEO refuses to guarantee circuit's remaining events will go on as scheduled with awkward sales pitch

LIV Golf CEO Scott O'Neil had an opportunity to address the biggest question about the league's immediate future as rumors continue to build uncertainty, but instead delivered a response straight out of the most basic of corporate playbooks. Despite the Saudi Public Investment Fund (PIF) announcing that it would cut off all funding to the breakaway circuit after the 2026 season wraps up, the plan and expectation have been to complete the campaign as scheduled. Despite there only being four...

Fox News 14h ago

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...

Sky Sports Football 1h ago

Inside the Trump money machine: How the president and his family are cashing in on his return to the White House

Inside the Trump money machine: How the president and his family are cashing in on his return to the White House Trump has consistently faced scrutiny for leveraging his presidency for personal financial advantage, a pattern that has encompassed everything from merchandise deals and crypto ventures to hosting high-dollar political and official events at his properties - Bookmark - CommentsGo to comments Donald Trump attempted to establish a nearly $1.8 billion fund, potentially benefiting...

The Independent World 8d ago

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.

Fox News 5d ago

Elon Musk is steamrolling Wall Street to become a trillionaire

Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX IPO, which promises to be one of the most consequential public offerings in history for a variety of reasons — its biggest-ever size, of course, at nearly $2 trillion dollars, but also because all...

The Verge 5d ago