Saudi Arabia's sovereign wealth fund overseeing a global investment agenda
Liverpool's Mo Salah has been ruled out of the final weeks of the club season due to a hamstring tear, with officials confirming he will be fit for Egypt's World Cup group stage. Jurgen Klopp’s side are pushing for a Champions League place as they navigate his absence.
The PGA Tour and DP World Tour are listening to players seeking to shift circuits, while LIV Golf faces financial turmoil and a potential wind-down. Returning pathways for ex-LIV members are under debate, with DP World Tour and PGA Tour weighing new eligibility rules amid antitrust scrutiny and ongoing restructuring efforts.
LIV Golf has announced a transition plan away from Saudi funding after the PIF ends its backing at the close of the 2026 season. A new independent board is leading a move to secure long‑term capital through diversified partners, while the tour maintains its schedule amid ongoing discussions with potential investors.
Saudi Arabia's Public Investment Fund has expanded its football footprint, tying further commercial partnerships to FIFA as it suspends LIV Golf funding. The move accompanies plans for global events and fan-engagement initiatives ahead of 2034 World Cup hosting.
IMF says Saudi Arabia’s economy has shown resilience due to diversified infrastructure and rerouted oil flows, despite pressure from the Middle East conflict. Non-oil activity and exports are affected; forecasted growth adjusts as oil dynamics shift.
Saudi Arabia is expanding Riyadh Air as part of Vision 2030, aiming to turn the capital into a global aviation hub and reduce reliance on oil. The first Dreamliner deliveries have begun, with a plan to connect Riyadh to over 100 destinations and boost passenger capacity while expanding airport capacity to support this growth.
LIV Golf faces financial uncertainty as Saudi PIF funding is reported to be winding down after this season. Executives warn remaining 2026 events could be in flux, with Bedminster deemed most likely to proceed. The tour is actively seeking new investors while exploring ways to sustain its team-based format.
The Farms Golf Club has revoked Phil Mickelson’s membership after an employee reported nonconsensual and inappropriate contact. The club conducted an independent investigation and says the action is decisive. Mickelson has not commented beyond a statement that any misunderstanding has been cleared up as he attends to a private family health matter.
The PGA Tour has unveiled a two-track, merit-based system with a Championship Series and a Challenger Series. The plan, announced ahead of the Travelers Championship, introduces promotion and relegation, a match-play format for the Tour Championship, and multi-million dollar purses across both tracks. Official rollout is set for the 2028 season.
Culture secretary has said she is minded to intervene in the Paramount-WBD merger on public-interest grounds, triggering regulatory scrutiny by Ofcom and the CMA. A final decision has not been taken; Paramount and WBD face a response deadline, with potential timelines extending into Q3 2026.
Lucid Motors has denied bankruptcy or going-private reports. It says liquidity remains strong enough to fund operations into 2027, with AlixPartners reviewing the business to improve execution and focus on the Gravity SUV. The firm has undergone leadership and workforce changes amid ongoing restructuring.
The Genesis Scottish Open at The Renaissance Club has a star-studded field, including Rahm and six other LIV players, as DP World Tour and PGA Tour co-sanctioning shapes a reshape of the Rolex Series. The event is amid talks on a new two-tier PGA Tour schedule, with promises of exemptions and鈥? changes that could redefine national Opens.
The PGA Tour, DP World Tour and Asian Tour have formalised a multi-year alliance through 2029, with some events co-sanctioned again and pathways for Asian players to reach European and Challenge Tour events. The move follows LIV’s weakened position after Saudi funding shifts, and prompts reactions from players such as Rory McIlroy.