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Is Saudi Arabia's sports revolution unravelling?

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BBC Sport
2026/05/01 - 07:49 501 مشاهدة
Is Saudi Arabia's sports revolution unravelling?Image source, Getty ImagesImage caption, LIV Golf's last event was held in Mexico and won by Jon RahmByDan RoanSports editorPublished8 minutes agoThe decision by Saudi Arabia's sovereign wealth fund to stop bankrolling LIV Golf at the end of the season has plunged the future of the breakaway series into doubt.It has also posed questions over the country's many other sporting investments.After all, the kingdom has ploughed tens of billions of pounds over the past decade into establishing itself as a global sports hub, hosting an array of major events, from high-profile boxing fights and Formula 1 races, to tennis and horse racing. Most significantly, the kingdom will host the men's Fifa World Cup in 2034.So what does the Public Investment Fund's (PIF) withdrawal from LIV mean for the rest of their portfolio?BBC Sport takes a closer look.Saudi Arabia to stop funding LIV Golf next seasonPublished18 hours agoWhat now for Rahm, DeChambeau and LIV's biggest names?Published13 hours ago"PIF remains committed to deploying capital internationally in line with its investment strategy, including its substantial current and future investments in various sports as a priority sector."The final sentence of the statement released by PIF on Thursday when finally announcing it was pulling out of LIV Golf, ended weeks of intense speculation.The intended message was clear; despite abandoning a tour it had long portrayed as the future of the game, Saudi Arabia was still committed to the world of sport.Up until recently, no such reassurance would have been required.Its huge spending has also extended to luring some of the world's biggest stars - including Cristiano Ronaldo - to its revamped domestic football league, and buying a majority stake in Premier League club Newcastle United. A sprawling collection of sports sponsorships cemented its burgeoning and disruptive influence over internatio...
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