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Also in this week’s newsletter, Jon Rahm defects to LIV, disappointment for John Textor and Arctos buy PSG stake
Country’s $700bn Public Investment Fund plans to invest tens of millions to double the chain’s portfolio in five years
Ferrovial selling holdings after 17 years
Plus, F1’s valuation race hots up, multiclub ownership divides the Premier League, and more
Compensation for players who stuck with the US tour and LIV’s team-golf format are among the big stumbling blocks
Larry Fink, Jamie Dimon and Jane Fraser among those expected at Saudi investment conference
Professional Fighters League looks to buy Bellator, as founder Donn Davis goes on acquisition drive
Men’s professional golf organisation initiates formal bid process amid ‘unsolicited outreach’
Banking group sells $4.5bn in assets and loans in deals with Saudi state-owned group and company backed by Apollo
Kingdom’s position in US government bonds falls by $3.2bn in June to $108bn
Mark Bristow praises Saudi Arabia for showing interest in Pakistan copper and gold mine in province riven by violence
Net transfer spending by the Pro League trails only that of the Premier League
Brazilian miner sells 13% slice of business to aid ‘energy transition’ in $3.4bn cash deal
Offer comes as Qatari-owned club tries to force French player to end or extend his contract to cash in lucrative fee
A truce between the PGA and the Saudi sovereign wealth fund looks far from secure. Plus: how to make the sport more accessible for women; a Columbia Business School professor who revolutionised the game’s analytics; off-course golf points way to the future
A truce between the sport’s most powerful bodies and the Saudi sovereign wealth fund has been in the works for months but fears grow that the battle is far from over
PGA Tour officials tell US Senate their planned tie-up with LIV is best chance to preserve sport’s independence
Kingdom’s focus widens as it seeks to build a leading domestic league
Secret broker of golfing peace deal is facing a legal fight with a Greek shipping magnate
Plan signals Riyadh’s ambition to expand its push into football, golf, tennis and beyond
ATP Tour chair Andrea Gaudenzi held ‘positive’ talks with PIF to back sports projects and ventures
Many players remain frustrated while deal faces scrutiny in Washington
PIF boss bets big on golf and football but domestic issues are his biggest challenge
Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power
St Andrews, where the ancient game is said to have begun, shows little love for the merger that gives Riyadh great sway over the professional sport
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