Public Investment Fund (Saudi Arabia)
Trump Embraces LIV Golf, Backing a New Saudi Strategy
Donald J. Trump has long toyed with becoming a sports baron. He tried for years to buy an N.F.L. franchise and was a face of a second-tier football league that collapsed. He backed a would-be rival to Major League Baseball that never materialized and briefly put his name on a race for elite cyclists. Now, […]
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Dustin Johnson Resigns From PGA Tour and Commits to Rival LIV Golf
Johnson is one of only two top 30 players to join LIV Golf. (Louis Oosthuizen, ranked 21st, is the other.) But the overwhelming majority of the rest in the top 30, who are both the vanguard overtaking the game and generally in their 20s or early 30s, have stood with the PGA Tour. Johnson is […]
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House Panel Examining Jared Kushner Over Saudi Investment in New Firm
A House committee said on Thursday that it was investigating whether Jared Kushner, former President Donald J. Trump’s son-in-law and former adviser, traded on his government position to land a $2 billion investment in his new private equity firm from a prominent Saudi Arabian wealth fund. Representative Carolyn B. Maloney, the New York Democrat who […]
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PGA Tour Denies Golfers Waivers for Saudi-Backed Tournament
The PGA Tour has sternly refused to grant its membership the ability to play in the inaugural event of a rival Saudi-backed golf tour, which will make its debut next month outside London. The move, announced in a memo to tour members Tuesday night, was hardly a surprise — the PGA Tour is protecting its […]
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Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts
Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal. A panel that screens investments for the main Saudi sovereign wealth fund cited […]
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