May 9, 2024
Investment

PGA Tour investment may receive outside investment next week

The future of professional golf remains uncertain, but according to a report, answers could be around the corner. The Strategic Sports Group (SSG), an outside investment group headlined by Fenway Sports Group and comprised of several high-level U.S.-based sports owners, may begin its investment in the PGA Tour as early as next week, according to

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Funds

Middle East investments in China to bloom in amount, scope in 2024 as sovereign wealth funds aim to diversify: bankers

Saudi Crown Prince Mohammed bin Salman (right) welcomes Chinese President Xi Jinping in Riyadh on December 8, 2022. Photo: AFP “Middle Eastern sovereign wealth funds see opportunities in the attractive valuations of Chinese companies at the moment, and in the medium to long-term they are also very bullish on China and want to strengthen ties

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Investment

Rory McIlroy compliments LIV Golf, opens up on Saudi investment

Rory McIlroy is a diehard soccer fan who supports Manchester United, which made the four-time major winner a fitting guest for The Overlap’s “Stick to Football” show that features former United stars Roy Keane and Gary Neville as well as fellow greats Ian Wright and Jamie Carragher. As a guest on the show’s most recent

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Funds

Saudi Arabia’s Public Investment Fund outpaces Singapore’s GIC with US$31.6 billion splurge in 2023

Saudi Arabia’s Public Investment Fund (PIF) emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC and Temasek Holdings slashed spending. PIF deployed US$31.6 billion in 2023, according to research consultancy Global SWF. That was higher than the US$20.7 billion it invested the previous

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