The Public Investment Fund (PIF) sits at the heart of Saudi Arabia’s economic shift, funding major bets from sport to tech, and shaping the Kingdom’s global footprint.
Newcastle United has appointed Matthias Jaissle as head coach to succeed Eddie Howe. Jaissle, 38, arrives from Al Ahli with a track record of high‑intensity, attacking football and a trophy‑laden spell in Asia. The club aims to rebuild after a difficult 2025-26 season and a flurry of summer departures.
LIV Golf has secured multiple written commitments from blue‑chip firms that would provide anchor funding after Saudi PIF pulled support; CEO Scott O’Neil has been pursuing $250–$300m and sources say term sheets envision players holding majority equity and events continuing across five continents. Meetings are scheduled at the New Jersey event and a deal was expected in September.
FIFA has acknowledged missteps in a bid seen as reshaping world soccer toward Saudi influence. SAFF supports dialogue to restore unity while divisions persist among confederations over a $20 billion plan and leadership questions ahead of a potential no-confidence push.
LIV Golf has filed for Chapter 11 bankruptcy in New Jersey and has agreed a restructuring with BC Partners while Saudi Arabia's Public Investment Fund has provided $49.6m in debtor-in-possession financing. The company has listed $500m–$1bn in liabilities, plans a player-majority ownership model and aims to return in 2027.
LIV Golf has filed for Chapter 11 bankruptcy protection in the United States, owing about $45m to players. The move signals a reboot for LIV 2.0, but the path back to the PGA Tour and DP World Tour remains uncertain as contracts, funding and format are renegotiated. Top players are weighing departures as the sport reorganises.
The government has signalled that a third Heathrow runway remains central to plans for growth, while ministers study responses to a public consultation. Heathrow’s owners say expansion would boost the economy and create jobs, but critics warn of climate risks and local disruption as planning hurdles loom.
BioWare has closed after 31 years and Electronic Arts has canceled early development on the next Mass Effect title while cutting roughly 400 jobs across the company, including about 50 at BioWare. The decision follows years of commercial misfires, a costly takeover that left EA with heavy debt, and shifting corporate priorities toward live services.
LIV Golf is moving toward liquidation after BC Partners Credit withdraws funding for LIV 2.0, with players departing and bankruptcy proceedings advancing. The hearing in New Jersey faces a likely liquidation of assets as the league struggles to secure commitments for a revamped format.