Public Investment Fund

Sovereign wealth fund of Saudi Arabia

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The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$930 billion. It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.

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McIlroy 'hopeful' about PGA-PIF deal amid new talks Rory McIlroy remains "hopeful" that the fracture in men's professional golf will be resolved after news of the latest meeting between the PGA Tour and the Public Investment Fund (PIF). BBC Sport - Published on September 11, 2024
PGA Tour & PIF merger could set up golf 'for decades to come' - Rahm Jon Rahm says a merger between the PGA Tour and Saudi Arabia's Public Investment Fund (PIF) should not be rushed as it has the "opportunity to set golf up in a very positive way for decades to come." BBC Sport - Published on May 14, 2024
McIlroy hopes PIF-PGA player meeting helps end split Rory McIlroy says he hopes a meeting between players on the PGA Tour board and Saudi Arabia's Public Investment Fund "get us closer to a solution" to the split in golf. BBC Sport - Published on March 17, 2024

PGA Tour players being urged to meet Saudi PIF chiefs - Spieth Jordan Spieth says players on the PGA Tour board are being "encouraged" to meet with Saudi Arabian PIF chiefs amid ongoing negotiations about a merger with LIV Golf. BBC Sport - Published on March 16, 2024
PGA Tour agrees $3bn investment deal with SSG Golfers who remained loyal to the PGA Tour set to benefit with equity in new company with talks ongoing with DP World Tour and Saudi Arabia's Public Investment Fund. BBC Sport - Published on January 31, 2024
Saudi Arabia's PIF agrees electric motorsports deal Saudi Arabia's Public Investment Fund says its new partnership with Formula E, Extreme E and E1 powerboat racing will "supercharge" the growth of electric motorsport. BBC Sport - Published on January 22, 2024

PGA and LIV merger talks to continue in 2024 The PGA Tour and Saudi Arabia's Public Investment Fund failed to reach agreement on a merger by 31 December and talks will continue in 2024. BBC Sport - Published on January 1, 2024
'Crowded market leaves golf's framework agreement in trouble' Despite all sides wanting it to work, the 'framework agreement' involving the PGA and DP World Tours and PIF is in trouble, writes Iain Carter. BBC Sport - Published on October 17, 2023
Saudi Arabia's PIF buys stake in PFL SRJ Sports Investments, owned by Saudi Arabia's Public Investment Fund, has bought an ownership stake in the Professional Fighters League. BBC Sport - Published on August 31, 2023
PGA Tour 'confident' PIF deal will be completed PGA Tour commissioner Jay Monahan says there is an "intensity and urgency" to completing the deal with Saudi Arabia's Public Investment Fund. BBC Sport - Published on August 22, 2023

Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain Saudi Arabia's sovereign wealth fund is selling its stake in McLaren, the supercar maker and Formula One team-owner, in a deal that will reinforce Bahrain's status as the company's biggest shareholder. Sky News - Published on June 21, 2023
Senate hearing to 'uncover facts' about golf merger Figures from golf have been invited to testify at a US Senate hearing into the merger between the PGA, DP World Tour and Saudi Arabia's Public Investment Fund. BBC Sport - Published on June 21, 2023
Players feel betrayed over merger plans - Rahm World number two Jon Rahm says players are still in the dark about what the proposed PGA Tour merger with Saudi Arabia's Public Investment Fund will mean for them. BBC Sport - Published on June 13, 2023	US Senate investigating PGA Tour-PIF agreement The US Senate says "serious questions" have been raised by the planned commercial merger of the PGA Tour, DP World Tour and Saudi Arabian Public Investment Fund. BBC Sport - Published on June 12, 2023
Ros Atkins on… How the Saudis bought into golf BBC Analysis Editor Ros Atkins explains why a surprise deal between golf’s two main tours and Saudi Arabia’s Public Investment Fund has sent shockwaves through the world of men’s professional.. BBC Sport - Published on June 9, 2023	Monahan 'regrets' merger secrecy from 9/11 group PGA Tour commissioner Jay Monahan expresses "regret" over not sharing plans to agree a shock merger with Saudi Arabia's Public Investment Fund. BBC Sport - Published on June 7, 2023
Shock merger will be 'good for golf' - McIlroy The PGA and DP World Tour's shock merger with Saudi Arabia's Public Investment Fund will ultimately be "good for golf", says Rory McIlroy. BBC Sport - Published on June 7, 2023	WWE Sources Say Company Not Sold To Saudi Arabia WWE has not been sold to Saudi Arabia's Public Investment Fund ... this according to sources familiar with the situation. TMZ Sports is told ... a deal has not been made between the two sides, despite.. TMZ.com - Published on January 11, 2023