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yasir al-rumayyan

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LIV Golf races against time for investment with confirmation Saudi funding will end in 2026
Sport
30.04.2026

LIV Golf races against time for investment with confirmation Saudi funding will end in 2026

PIF ends investment after five years and $5bnLIV announces new independent board in funding pushLIV Golf has launched its search for fresh investment in a race against time to save its future after official confirmation Saudi funding would cease at the end of the 2026 season.Hours after LIV announced the creation of a new independent board minus Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, a PIF statement formally substantiated the rumours that it was pulling the plug on the start-up after around $5bn (£3.7bn) of investment. Continue reading...

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Guardian Sport
LIV Golf Seeks New Investment as Saudi PIF Funding Set to End in 2026
In Entwicklung
Sport·30.04.2026KI-Zusammenfassung

LIV Golf Seeks New Investment as Saudi PIF Funding Set to End in 2026

LIV Golf has announced plans to seek new investment after confirming Saudi Public Investment Fund backing will end after the 2026 season. The breakaway golf league, which has received approximately $5bn from PIF since 2022, unveiled a new independent board led by Gene Davis and Jon Zinman, with Yasir al-Rumayyan stepping down. The tour stated it will transition from its foundational launch phase to a diversified multi-partner investment model, expressing confidence in securing sponsors to continue operations.

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Guardian Sport
Eddie Howe to face questions from Newcastle's Saudi owners over poor form
In Entwicklung
Sport·21.04.2026KI-Zusammenfassung

Eddie Howe to face questions from Newcastle's Saudi owners over poor form

Newcastle manager Eddie Howe will meet with the club's Saudi Arabian owners next week to discuss the team's poor form, which has seen them win only three of 11 Premier League games. The delegation, led by PIF chair Yasir al-Rumayyan, will quiz Howe face-to-face despite the team sitting 14th. Topics include summer recruitment plans, a new training ground, and stadium options. Bayern Munich are reportedly interested in Anthony Gordon for around £75m, with Newcastle also considering offers for Tino Livramento and Sandro Tonali to avoid European spending rule fines.

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Guardian Sport